OKYO, Feb 17 (Reuters) - U.S. Treasuries rose in Asia on Tuesday as a slide in share prices and concerns over a new round of troubles in the global banking sector prompted investors to seek the safety of government debt.
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Moody's Investors Service said on Tuesday the recession in emerging Europe will be more severe than elsewhere due to large imbalances, and will put financial strength ratings of local banks and their West European parents under pressure.
That's the money quote. Someone making a run on currency to destabilize things so that the INEVITABLE sell of treasuries notes (Bonds) will be welcomed by people that are scared pooless of what's going on in FOREX.
Almost like someone is setting all this up for a sale of bonds ... maybe related the porkulus being passed and a need for dollars?
/semi-paranoid rant.
I get it now. This is engineered so that the US can sell bonds to cover Porkulus. They must have been unsure, that’s why the panic. I think I’ll buy 500 pounds of rice tomorrow anyway.