Well it looks like the boys and girls in the US Treasury have been busy pushing out the curve...the front quarter rollover was reduced by a whopping 20.8% while the front six months cumulative rollover dropped 5.5%. All this while the total marketable debt outstanding increased 3.4%...
Which begs the question, who is buying all the interest rate risk? The scuttlebutt I have read is that foreign holders are moving to shorter durations - anyone heard different with sources?
Data Source:US Treasury Dec 2009 MSPD
Previous post on rollover:Marketable Debt Rollover 3Q 2009
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