rsmracks
Sep 19, 11:54 AM
$TLT $SGOV $VGIT $SHY $BIL
Who’s holding our treasuries?
It’s very apparent and has been that central banks are continuing to buy gold as they sell down US Treasuries.
“But these private foreign holdings are not purely “foreign.” They include large amounts from US hedge funds that are domiciled in foreign financial centers, such as the Cayman Islands, a big favorite for hedge funds engaged in the highly leveraged Treasury basis trade that buy Treasuries, estimated at close to
$2 trillion, and sell Treasury futures against them. This is the hot money in Treasuries, and back in March 2020, it caused the Treasury market to seize, an event that the Fed keeps nervously talking about. Only now, it’s a lot bigger.”
This is a key area for future interest.
I’m still going to begin accumulating Treasury bonds soon, but I will start with SGOV as a place to park cash.
https://wolfstreet.com/2026/09/17/treasuries-have-become-badly-unappetizing-for-foreign-central-banks-governments/
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