There is no such thing as LUCK ! Chance favors the prepared mind.
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Foreign Central Banks Have Left the Building
Tracking foreign central bank (FCB) holdings of US Treasury and Agency (Fannie, Freddie, and minor government agencies) paper has been one of the most important lines of inquiry in my analysis of market liquidity for the past 9 years. This information is available virtually in real time each week in the Fed's weekly H41 report. It tells us just how much the FCBs have been subsidizing the US financial markets. Their purchases of government paper were not only crucial to funding the US government's spending week in and week out, but to the pricing of the bond market as a whole, and to the US financial markets ... (full story)