JP Morgan is worried who will buy all the bonds… with Fed, China, and Japan selling… and the Treasury running trillion dollar deficits… and bond yields still well below current rate of inflation… who will buy all the bonds…?

“Who Will Buy?” is the exuberant ensemble number from the 1962 musical hit Oliver! It is also the rallying cry of a number of investors and analysts who are worried about who exactly will be purchasing trillions of dollars worth …

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Bank of Japan spent an estimated 3.6 trillion yen ($25 billion) on the fx intervention last Thursday… today JPY is back at 145 almost entirely erasing the effects of the intervention…

A private-sector estimate puts Japan’s recent intervention in the currency market at more than 3 trillion yen, or over 20 billion dollars. The government and the Bank of Japan stepped into the market last Thursday to buy the yen and …

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