Something very interesting here. US treasuries experienced a drop in
$108billion worth bond holdings last week. Theories being provided are
that Russia is behind the drop in anticipation of Sanctions from the US
or possibly investors shying off from US bond market amid the political
uncertainties. Our 10 year bond yield dropped during the same period and
formed a bearish hammer on the technical charts. Is it possible that
those investors came to our bond market? I get a feeling that our
Eurobonds will get over-subcribed in the market. Have attached the
10year bond chart.
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