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Originally Posted by al_bundy
On Squawk Box on CNBC this morning they said that the Chinese wanting to buy UNOCAL is an indication that they are branching out of the bond market. less money going into bonds mean rates are going to go up
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That's a bunch of crap.
The reason the yield of the 10 year T-note went down so much today is because there is such high foreign demand for it. The Chinese aren't the only players and they don't have a lot of alternatives anyway.