Traders often fret that when there are big maturities of Treasury notes, money will flow out of the US, and back to, say, Japan.

This has rarely proven to be the case in the past, so don’t fret too much . Pointy-headed currency strategists at the big banks often put out apocalyptic research pieces ahead of big Treasury maturities forecasting massive US outflows. These are invariably trumpeted by the news wires…Ignore them.