China’s Yu Says U.S. Shouldn’t Be Complacent About Treasuries

China’s former central bank adviser Yu Yongding will meet Treasury Secretary Timothy Geithner today and tell him the U.S. shouldn’t be complacent about China continuing to buy Treasuries. “I wish to tell the U.S. government: ‘Don’t be complacent and think there isn’t any alternative for China to buy your bills and bonds’,’’ Yu said in [...]

Treasury Bubble

You’d think that after the dot-com bubble … the housing bubble … and the bubbles in commercial real estate and private equity, investors would have learned their lesson. Nope! They did the same stupid things this fall … • They chased long-term Treasury prices higher and higher (just like they chased Miami condos and Pets.com), [...]