Everyone selling dollar bonds now

It looks like the whole world knows the dollar is about to be devalued and is getting on board to take advantage of it by pricing their debt in dollars.

(Bloomberg) -- Germany and Austria led governments and companies in Europe selling $21.7 billion of bonds in the U.S. currency this week to take advantage of the reduced cost of exchanging the proceeds back into euros.
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European nations sold $10.4 billion of bonds in the U.S. currency this week, the most since Bloomberg began compiling the data in 1999 and beating the previous record of $9.2 billion in January. Sales by the governments, as well as companies including The Hague, Netherlands-based Royal Dutch Shell Plc, added to the $358 billion of issuance in 2009, up 38 percent from last year, Bloomberg data show.
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Belgium’s $1 billion sale of five-year bonds on Sept. 8 also took advantage of the relative cost of raising dollars versus euros, according to Anne LeClercq, head of the treasury and capital markets division of the nation’s debt agency in Brussels. The nation plans to also sell 30.5 billion euros of domestic bonds and 3 billion euros of notes to foreign investors this year.
“The two most important reasons why we were recently able to issue dollar bonds were strong demand from investors” and “a favorable euro basis swap,” LeClercq said in an interview.

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nice catch

I noticed that also so nice way to reduce global debt huh...
hmmmm....