http://www.atimes.com/atimes/Global_Economy/KE16Dj02.html One of the questions would be the assumption about low rates being continually possible.... The article implies that the FED will also be openning a window for foreign participants to rid themselves of US marked LT debt as lower rates will keep debt prices high.... The real question here is how is a low interest rate future view held in tact if the Fed's debt quantities are so exhorbitantly high ?.... Is this not akin to one running out of money.....whose only option is further dilution ?....Thus how is this view of continual low rates feasible ? The assumption that the Fed is the LT backstop for all players.....so that they can get short term and roll with lower risk.....is questionable.... Furthermore this means the Fed gets stuck with poor yielding LT debt....