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$77 Billion Bills To Be Auctioned, Joins $81 Billion In Coupons
The Treasury just announced that it will auction $77 billion in Bills in the next week, broken down as follows:
- $24 billion 3 month Bills on February 8
- $27 billion 6 month Bills on February 9
- $26 billion 1 year Bills on February 9
This joins the previously announced $81 billion in coupon bonds previously announced for auction.
- $40 billion 3 years Bonds on February 9
- $25 billion 10 year Bonds on February 10
- $16 billion 30 year Bonds on February 11
The increasing rotation out of Bill reliance and into Bonds is sure to put ever greater pressure on longer-dated yields, even as the short-end continues seeing massive demand due to the previously announced jiggering by the SEC in money market accounts which could in the near-future be experimenting with their newly-legal right to suspend redemptions.
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I would say increasing duration enhances credit quality, no?
I thought you guys were worried about a crisis due to the rollover risk.
it feels like the Cartel take-downs in the gold is perfectly correlated to the timing of the paper promises of prosperity....again I thank the boyz with all my heart for this gift today......took some more PM in (for delivery of course)....one last thing...Please Mr. Cartel.....continue to get everyone fearful and herded back into the deflation distraction again and drive the price to $850...between us--we know it is a global currency crisis that you will unleash to consolidated the broken pieces of the old world into the new world order....and all the worlds gold will be back in the hands of kings
+11
But I do not want to wait. It goes now!
Who wants to bet BS Bernanke is a rap fan.
Diversify your bonds, playa!
C.R.E.A.M.
http://www.youtube.com/watch?v=bjZRAvsZf1g
Also, these "legal rights" would be the wake up call to 'Merica, but I think they are going to sleep through this one too.
Oh great! ow we have to wait for this bottle to fall. Say wouldn't it be sorta' neat if our Democracy was built by men who felt it was wrong for one man to be wealthier than another. I mean, we're all wealthy in our own way, I mean it changes every day, like when a newborn learns to balance even whilst sitting. But in general sort of '..yeah, fine, but why should he become poorer than another through these decisions, it's not what I'd consider right' - way. Well done ZeroHedge, by the way.
How much you want to bet that the equity markets stay under pressure until the 10 and 30-year bond sales are completed? Just askin...
Hey, where's your sense of history?
We'll all be able to say we were there... living through the biggest fraud in the history of mankind... if there's anything left when the destruction finally ends!
They can sell the bonds to China....