Direct investors are outbidding bond dealers for U.S. Treasurys

Wall Street bond dealers have been the major buyers of U.S. Treasurys since 2003, when the government started releasing data on buyers, but the pattern is changing. U.S. banks, mutual funds and foreign central banks purchased 57% of the $1.26 trillion in Treasury notes and bonds auctioned this year. Bloomberg•

Soething is changing in the world! But what prompts this, do you suppose?

Collapse of talks for a Hungarian rescue might trigger market panic

The sovereign-debt market might remain in turmoil for a while, after the International Monetary Fund and the EU walked away from discussions with Hungary regarding its budget deficit, experts said. The decision puts the IMF's $25.8 billion bailout for Hungary on the back burner. Bloomberg Businessweek so far market taking this in stride. There should be caution with Greece ahead of next disbursement of funds in August.