by silvertomars

Morgan Stanley outlines some potential buyers… replacing the top 3 will clearly be a tall order likely requiring much higher interest rates…

Good luck with that. It’s no wonder Yellen is shitting her pants now. She needs to keep selling a fuckton of new Treasuries at auction while all this is going on.

I kept telling people that the 10-year yield needs to be way over 5% right now. It’d have to be well over 6% to actually find buyers in that group.