Archive for March 15th, 2006

Trade Deficit Helps Stabilize Bond and Equity Markets: 2005

Foreign funds created by the record U.S. trade deficit of $726.9 billion in 2005 were channeled mainly into the U.S. bond market. This went a long way towards keeping bond prices up, despite massive net corporate bond issues connected with asset-backed securities (mostly mortgage related) that also set impressive records: $462.9 billion. Foreign investors purchased (net) […]

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