- advertisements -
'13:00 Treasury will auction a new $32.0 billion 3-year note to raise all new cash.'
I'll be interested in this outcome as I'm sure Tyler will be also.
What's the under/over on the bps movement? With China bailing out the 'cross-the-ponders, who is [being forced into] buying these Ts and at what price? And what in the world would hold up equities if funds are being coerced into Treasuries?
Either a 30 bps jump in the yield or another -100 on the Dow today. My guess, anyway.
Arent PD's required to soak up any excess?
Only difference is now they cant flip them back to the FED, so maybe yield increases, but flight to safety on Euro-Crisis might make it go smooth
Famous quote of the day
PD to the fed "What do you mean you won't buy my bonds?"
I'm sure that's what the PD's agreed to....with their fingers crossed behind their backs; consider it the American analog to the ECB getting punked by private banks on shouldering some junk sovereign bonds.
don't worry... it's safe...
And all this money is coming out of the pension funds right?
propbably could have picked a better day for bond auctions. wonder if Bernankruptcy will be mentioning those "green shoots" tomorrow
Wow are futures going parabolic
For me its all the bond auction....euro fail or not....the PM´s only want money....so the interest rate has to rise..and the bid to cover ratio....we will see...I would not buy any at any price...so we will see who is left to buy and I wish I new why they were buying...
"I wish I new why they were buying..."
Because a "deal is deal" when you transact with TBTF Banks!
"I would not buy any at any price"
If your a US taxpayer you will be buying. Like it or not.
How long has it been since the CRIMEX delivered any silver ? 12 days ? 14 days ?
It does seem like they do not have any of 28MN oz of registered silver they can actually deliver.
I am sure that the JOLTS will continue the terrible trend of s**t economic indicators.
The central banks collectively owe 13BN oz of silver so we can send them into oblivion by taking physical silver and then the world can have honest money again.
All new treasury auctions will be watched very closely by markets and Gov.
Without QE, any problem in auction would resonate globally and probably force new
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.