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The mysterious bonds buyers of Belgium

Who's really behind the purchases

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Propping up the Treasury market

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The Fed buys and sells government securities to create money. It's called open market operations.

Someone in Europe (in Belgium specifically) is buying a lot of US Treasuries.


That's pretty easy.

US Treasuries are getting dumped (Russia anybody?) and someone - not Belgium - is taking up the slack and China is not adding to its position.