Foreigners were dumping US Treasury bonds in record numbers last June (coinciding with the ending of QE 2.0, by the way). Not only were they not buying UST's, but they were also selling their existing inventory. Anybody want to guess what other safe haven they were buying in lieu of said Treasuries?
http://www.treasury.gov/press-center/press-releases/Pages/tg1277.aspx
Monday, August 15, 2011
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