Archive for January 13th, 2005

Foreign trade deficit supports U.S. bond prices …

During Q3 2004 the excess of U.S. imports over exports (the “trade deficit”) delivered a net $616.7 billion (annual rate) to the Rest of the World that, in turn, used $370.9 billion of these funds to buy U.S. Corporate Bonds, mainly $390.3 billion in bonds issued on Asset Backed Securities. Issuers of Asset Backed Securities, in […]

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