Why I Am Patiently Building a Very Large Position in Long Term Treasuries Puts

My good friend Eric G. lead me to the following presentation http://bit.ly/8YChhF from a task force composed of major financial institutions to the Treasury Borrowing Advisory Committee. The graph on page 34 clearly shows the Fed buying all the U.S. Net Fixed Income Supply in 2009. The graph on page 35 shows that the FED is supporting the fixed income market with its action in the MBS market. Printed money is supporting the U.S. fixed income market. As soon as the Fed stops its action, the market will gap down.