{"id":4621,"date":"2012-06-16T00:57:34","date_gmt":"2012-06-16T04:57:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4621"},"modified":"2012-06-16T00:57:34","modified_gmt":"2012-06-16T04:57:34","slug":"guess-whos-buying-all-the-bonds-its-not-the-fed-cnbc","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/16\/guess-whos-buying-all-the-bonds-its-not-the-fed-cnbc\/","title":{"rendered":"Guess Who&#039;s Buying All the Bonds? (It&#039;s Not the Fed) &#8211; CNBC"},"content":{"rendered":"<p>The demand among average investors has swelled so much, in fact, that they bought more Treasurys in the first quarter than foreigners and the Fed combined.<\/p>\n<p>Households picked up about $170 billion in the low-yielding government debt during the quarter, while foreigners increased their holdings by $110 billion.<\/p>\n<p>via <a href=\"http:\/\/www.cnbc.com\/id\/47738555\">Guess Who&#8217;s Buying All the Bonds? (It&#8217;s Not the Fed) &#8211; US Business News &#8211; CNBC<\/a>.<\/p>\n<p>Comment:~ <a title=\"Bianco Research\" href=\"http:\/\/www.arborresearch.com\/bianco\/?p=64234\" target=\"_blank\">Jim Bianco<\/a> points out: &#8220;If <em>mom and pop<\/em> were really the end buyers we would expect to see similarly booming numbers from the mutual fund industry. However&#8230;.mutual fund purchases are a somewhat insignificant portion of domestic buying. Our guess is the domestic buyer is a leveraged carry trader, a mutual fund, a brokerage subsidiary or other group that does not have its own category so it gets &#8216;dumped&#8217; into the default category of <em>households<\/em>.&#8221;<\/p>\n<p>[Hat tip to Barry Ritholz]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The demand among average investors has swelled so much, in fact, that they bought more Treasurys in the first quarter than foreigners and the Fed combined. Households picked up about $170 billion in the low-yielding government debt during the quarter, while foreigners increased their holdings by $110 billion. via Guess Who&#8217;s Buying All the Bonds? &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/16\/guess-whos-buying-all-the-bonds-its-not-the-fed-cnbc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Guess Who&#039;s Buying All the Bonds? (It&#039;s Not the Fed) &#8211; CNBC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,34],"tags":[1731,3473],"class_list":["post-4621","post","type-post","status-publish","format-standard","hentry","category-fixed-income","category-us-canada-countries-regions","tag-households","tag-treasuries"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Guess Who&#039;s Buying All the Bonds? (It&#039;s Not the Fed) - CNBC - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guess Who&#039;s Buying All the Bonds? (It&#039;s Not the Fed) - CNBC - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The demand among average investors has swelled so much, in fact, that they bought more Treasurys in the first quarter than foreigners and the Fed combined. Households picked up about $170 billion in the low-yielding government debt during the quarter, while foreigners increased their holdings by $110 billion. via Guess Who&#8217;s Buying All the Bonds? &hellip; Continue reading &quot;Guess Who&#039;s Buying All the Bonds? 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Guess Who&#039;s Buying All the Bonds? 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1cx","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":1225,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/09\/mutual-funds-dragged-down-by-global-economic-unease-nytimes-com\/","url_meta":{"origin":4621,"position":0},"title":"Mutual Funds Dragged Down by Global Economic Unease &#8211; NYTimes.com","author":"ColinTwiggs","date":"October 9, 2011","format":false,"excerpt":"In the short term, though, fund investors have lost a lot. The average domestic stock fund in Morningstar\u2019s database fell 16.2 percent in the third quarter. ....International stock funds, down 18.3 percent, fared worse than domestic ones and were dragged down by a 23.7 percent decline in Europe portfolios. via\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27460,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/19\/bear-case-for-bonds-wolf-richter\/","url_meta":{"origin":4621,"position":1},"title":"Bear case for bonds | Wolf Richter","author":"Colin Twiggs","date":"August 19, 2021","format":false,"excerpt":"Wolf Richter gives an excellent summary of the bear case for bonds in his recent 12-minute podcast: https:\/\/youtu.be\/XmAnzW30TmI .....So now we\u2019ve got another supply shock, but much broader than the [1973] Oil Shock. This includes the semiconductor shortage which will soon complete its first year, and which is hitting all\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/XmAnzW30TmI\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5457,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/13\/fed-to-buy-more-bonds-in-bid-to-spur-economy-wsj-com\/","url_meta":{"origin":4621,"position":2},"title":"Fed to Buy More Bonds in Bid to Spur Economy &#8211; WSJ.com","author":"Colin Twiggs","date":"September 13, 2012","format":false,"excerpt":"By KRISTINA PETERSON, JON HILSENRATH and MICHAEL S. DERBY: After months of careful signaling, the Fed's policy-making committee said it would buy $40 billion each month of agency mortgage-backed securities on an open-ended basis and said it could extend those purchases and buy additional assets if the job market doesn't\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13249,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/05\/08\/the-titillating-and-terrifying-collapse-of-the-dollar-again-michael-pettis\/","url_meta":{"origin":4621,"position":3},"title":"The titillating and terrifying collapse of the dollar. Again. | Michael Pettis","author":"ColinTwiggs","date":"May 8, 2016","format":false,"excerpt":"Michael Pettis explains why the US dollar as reserve currency is a burden rather than a privilege for the US: Historically, neither Europe nor Japan, and certainly not China, have been willing to permit foreigners to purchase significant amounts of government bonds for reserve purposes. When the PBoC tried to\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":724,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/08\/ici-trends-in-mutual-fund-investing-july-2011\/","url_meta":{"origin":4621,"position":4},"title":"ICI &#8211; Trends in Mutual Fund Investing, July 2011","author":"ColinTwiggs","date":"September 8, 2011","format":false,"excerpt":"The combined assets of the nation\u2019s mutual funds decreased by $219.2 billion, or 1.8 percent, to $12.009 trillion in July, according to the Investment Company Institute\u2019s official survey of the mutual fund industry. via ICI - Trends in Mutual Fund Investing, July 2011.","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1077,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/30\/ici-trends-in-mutual-fund-investing-august-2011\/","url_meta":{"origin":4621,"position":5},"title":"ICI &#8211; Trends in Mutual Fund Investing, August 2011","author":"ColinTwiggs","date":"September 30, 2011","format":false,"excerpt":"The combined assets of the nation\u2019s mutual funds decreased by $398.0 billion, or 3.3 percent, to $11.621 trillion in August, according to the Investment Company Institute\u2019s official survey of the mutual fund industry. via ICI - Trends in Mutual Fund Investing, August 2011. Stock funds decreased by 7.4% in August\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4621"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4621\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}