Japan holds $821B US Treasuries
China holds $867B US Treasuries
Federal Reserve Bank now owns approx $800B and is purchasing approx $10B per week.
Tyler Durden at Zero Hedge points out that, at this rate, the US FRB will soon be the largest holder of US Debt!
This morning, in an odd break from the past few weeks, NFLX, AAPL, AMZN, and BIDU are all in the red. Once the POMO results are released in approx 20 minutes it would not be altogether impossible to see each one of these names catch a bid from the primary dealers. Be careful out there!
UPDATE: Results are in...The Fed purchased just $2.2B of 2021-2040 bonds. No wonder the market is heading south...Dow down 50 odd points after being up almost 100 to start the day. This market will likely be very volatile for the rest of the day.
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