$44 Billion 2 Year Auction Closes At 1.02% High Yield

• Yields 1.020% vs. Exp. 1.051%
• Bid-To-Cover 3.63 vs. Avg. 2.96 (Prev. 3.23)
• Indirects 44.5% vs. Avg. 50.2% (Prev. 45.18%)
• Indirect Bid-To-Cover 2.1
• Allotted at high 3.21%

Comments

[Anonymous]

Why would anyone buy this if the QE is ending. These people must have hatched a new conspiracy.

[Hephasteus]

They are revolving bond sales just like russia did before it's '98 crash. It's just a matter of time before it catches up to them one way or another.

[Mark Beck]

Hi, could you please explain how a revolving Treasury bond sale works. Without the 300B FED QE program, to me the back door FED channels cannot satisfy the demand without increasing interest rates. To keep the bonds out of the market, and still stabilize interest rates, there would have to be a lot of stored up demand. But from where?

Thanks

[VegasBD]

Has any been resold yet to the FED? Or are they stickin to their 30 min wait...

[Cognitive Dissonance]

26, 27, 28, 29.... wait for it, wait for it, 30.

[ShiftCTRL]

Matt Taibbi on Goldman Sachs lobbying attempts. http://trueslant.com/matttaibbi/2009/10/27/goldman-lobbies-senate-says-f...

[Brigante]

I wish I could come up with some clever comment to these weird figures... but I can't anymore. My portfolio's losing a f**king 12% (after the soaring rally), and I just hate the Fed, their QE and all its damn technocrats! Hu Jintao, wanna buy the US, pleeeeeeeeeeeease?????

[SV]

Speaking of QE, I have something I need help with (Tyler, Marla, etc):

I stumbled across this link when I was looking to ID the maturities/dates of the upcoming Treasury POMO.

Here is the link.

Any guess as to how much all these CUSIP's are put together that will hit the markets come tomorrow and Thursday?