Now We Now Why Treasury Yields Dropped In June

After having net sold $22.6 billion in U.S. Treasuries in May, non-Americans bought $100.5 billion in June. Much of the "private" transactions recorded are really private funds acting on behalf of foreign [mainly Middle Eastern] governments not wanting to own the securities directly out of fear that these assets might frozen for political reasons. That would explain why Treasury yields started to drop in late June