S&P 500 Up 126 Points As Powell Nixes .75% Rate Hikes
We leaned bullish yesterday, but this was an upside explosion.
Our View — Who's Going To Buy Our Bonds?
Who in the world is going to buy US bonds? Not the world's largest holder, Japan, who has been selling for months.
According to BMO Capital Market's recent data, the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months. While that may be small change relative to Japan's…