And there it is. After repeatedly being fed the narrative by the financial media explaining why interest rates have risen over the past two months, the real reason has finally been revealed. Understanding the actual forces driving investment markets is important for it can help protect the value of your portfolio against the unpleasant surprises that can come with making allocation decisions based on misinformation.
(click to enlarge)
Tic Toc...
So what was the key information that was revealed this week? The Department of the Treasury and the Federal Reserve Board released their latest monthly Treasury International Capital (TIC) data for the month of November. Included was a report on the major foreign holders of U.S. Treasuries by country with values for the end of each month dating back over the past year ended November 2016.
What was so profound in this data? During the month of November, which included
