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3 And 6 Month Bills Price At 0.157% and 0.244% Yields, Bid To Cover Surges
The just closed auction of 3 and 6 Month Bill saw highs of 0.157% and 0.244%. This was a substantial inflection point in the increase in rates over the past 3 months for the short end of the curve, as both auctions closed higher last week, at 0.175% and 0.265%, respectively. Direct Bidders once again came to save the day, as well as the Primary Dealer backup bid. Direct Bidder take down surged from 11.46% to 18.18% for the 3 month over the prior week, while in the 6 month it remained at a very much elevated 15.7%, even after submitting a massive $12.7 billion in bid, resulting in one of the lowest hit rates ever of 31.6%. Primary Dealer hit rates also were close to record lows, with 13.5% for the 3 Month and 15.7% for the 6 Month.Whether the strong turn out is a function of Greek spookage, of less concerns about imminent hikes by the Fed, or by the Fed itself, continuing its shell game, is unclear. We hope to find out in 25 years when Fed manipulation records are declassified.
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So, in 25 years we can declassify the FED records? Good, I will mark my calendar...that sounds important...
It will be interesting to know exactly what the hell was going on behind closed doors. It will be helpful for the coming generations for sure, as, if history is studied (correctly), then one's learning curve can be increased; knowledge is power. However, because we are at the apex point of the biggist flux in economic history, we must be concerned in nano-second terms. Government bonds have low, or no, demand. Also, the Fed can not raise rates or else the interest on the massive debt would be raised to proportions that are unfeasably payable. The Fed is in a lose lose situation. They are betting that 'Merca remains comatose and does not come to before the SHTF. Well, get ahead of them. Lead them. This is your chance. Move to a place that runs on hydroelectric power. Get out of the suburbs. Own Bullion coins. Get ready to either support you local farmers, or farm yourself. Within 6 months, the doelarr will have lost at least 1/3 of its purchasing power, peak oil will have become obvious to anyone with a clear mind, and politicians will think they have more answers. Answers are not the way. It is best to question. Politicians do not ask questions, they dictate. Let us not be scribes. Let us write our on history. Stand up; it is time.
"Stand up; it is time."
Agreed. Invest in the safety and productive capacity of you and yours. If you can not live without the matrix - how will you resist the matrix? Self-preservation and self sufficiency will be held at a premium soon...
I don't think something that is only being bought by a single entity (i.e. the fed) can be classified as an "auction".
A soliloquy or, more to the point, a solilo-Q-E...
GG> so few words, said so much.
i think its entirely reasonable to ask.........is there still time to build a bomb shelter? who wants to still be around after? Stop by, i got the koolaid.
Am i wrong to expect WW3 as China retaliates against GS and JPmorgan?
All the fundamentals indicate that direction. Someone please advise.
This is the question; what do the oilgarchs have planned as disaster becomes evident? Half of me says the richest of the rich have already set up their fortified units, and will watch from afar as the people come to their senses. The other half says they will do as they have always done and give us the "solutions" for our problems. Will Crystal (Irv's son, and Irv is King of the Neo'Cons) has already advised Faux news that the US should go to war with Iran. If there is war with Iran, there is war with China. Someone said to me yesterday, "The nuclear arms agreement was a step in the right direction." What direction? The Idull direction? So they disarm 1/3 of the nukes. That still leaves more than enough to decimate the world 100 times over. The world is a play? No. The world is a canvas. Let us paint.
4 week bills are up from 0.01 ro 0.12 in the last month.
It's definitely time to start investing in lead!