That's why I'm donating half of every sale of my candles with silver coins (https://com/shop/Scent Savers? Since I don't have much extra money afetr paying bills, I thought this was a good way to help Rand and get the liberty message out. Jeb, BUSH (yeah that's his name even though he NEVER says it nor does he want you to hear it from anyone! You all realize that it is a self fullfilling prophecy to say that Rand can't win.
ref=hdr_shop_menu), now through 9/7, to Rand Paul's moneybomb on September 7th. Rand is campaigning in Alaska, which votes after Super Tuesday. They (you) pulled the same crap when Ron was running. The music played and Rand danced like an obedient puppet.
Now that what has been glaringly obvious for at least six months has been given the official mainstream stamp of fact-based approval, the all-clear has been given for rampant speculation on what exactly this means for US monetary policy.
Here’s Bloomberg again: China selling Treasuries is “not a surprise, but possibly something which people haven’t fully priced in,” said Owen Callan, a Dublin-based fixed-income strategist at Cantor Fitzgerald LP.
Put simply, as part of China's devaluation and subsequent attempts to contain said devaluation, China has been purging an epic amount of Treasurys.
But even as the cat was out of the bag for Zero Hedge readers and even as, to mix colorful escape metaphors, the genie has been out of the bottle since mid-August for China which, thanks to a steadfast refusal to just float the yuan and be done with it, will have to continue selling USTs by the hundreds of billions, the world at large was slow to wake up to what China’s FX interventions actually implied until Wednesday when two things happened: i) Bloomberg, citing fixed income desks in New York, noted "substantial selling pressure" in long-term USTs emanating from somebody in the "Far East", and ii) Bill Gross asked, in a tweet, if China was selling Treasurys.Back in July for instance, we noted that China had dumped a record 3 billion in US Treasurys in three months via Belgium, leaving Goldman speechless for once.We followed all of this up this week by noting that thanks to the new FX regime (which, in theory anyway, should have required less intervention), China has likely sold somewhere on the order of 0 billion in US Treasurys in the past two weeks alone in open FX ops to steady the yuan.The figure was based on the bank’s calculation of how much liquidity will be added to China’s financial system through Tuesday’s reduction of interest rates and lenders’ reserve-requirement ratios.The assumption is that the central bank aims to replenish the funds it drained when it bought yuan to stabilize the currency.“It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind.”“By selling Treasuries to defend the renminbi, they’re preventing Treasury yields from going lower despite the fact that we’ve seen a sharp drop in the stock market,” David Woo, head of global rates and currencies research at Bank of America Corp., said on Bloomberg Television on Wednesday.