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Is it possible the Japanese? I think they are, if not the largest holders of US
gov't
instruments outside US mainland.
Maybe going back home to buy their own Yen?
Earl Adamy wrote:
> NYSE specialists shorts are again on the rise - somewhat unusual for a market
> which is so "oversold". Also, the latest weekly Fed report shows that foreign
> central bank holdings of US treasuries continues to decline. Foreign central
> banks have now sold about 15% of peak holdings in 1997.
>
> Earl
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