The EU countries were selling bonds aggressively via banking campaigns this year to the people (BTFD mentality). IMO they only have this option: stabilize CBs balance sheet (gold) and then pull the rug over a decade to bleed purchasing power via inflation off the tax paying class. The UST selling could be to stabilize USD Eurodollar market that is crucial not only for the Eurozone credit cycle.

TomK

econ

Central Planners Are Selling USTs

Are you thinking this is stocking up on reserves to draw people into their currencies and then pulling the rug with inflation?

I assumed these countries were insuring against whenever the Fed starts the printer up again.