Across the Curve � Blog Archive � More Thoughts on Treasury Market Weakness:
"Another portfolio manager made an interesting point about the manner in which large portfolios have chosen to operate recently. He suggests that many funds have moved to private equity funds from public stock. He also notes that many had retreated from individual stocks and bonds for the glitz of hedge fund returns.The problem there is that the new technique of management parks money in a place from which it is not extracted with ease, speed and dexterity. So the only stuff that is not nailed down and available for sale is Treasury and mortgage paper."In this market climate, I recommend reading this guy's (John Jansen) stuff ☛ http://acrossthecurve.com/ (keep in mind I'm a technologist and someone that has been away from "the Street" for almost 20 years....)