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  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Treasury Auctions Off $32 Billion In 3 Year Debt, Indirect Interest Drops, Total Debt Now At $14.297 Trillion

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Tue, 04/12/2011 - 13:17 | 1162112 plocequ1
plocequ1's picture

Whatever works. Go for it. Rally on. 

Tue, 04/12/2011 - 13:26 | 1162144 jus_lite_reading
jus_lite_reading's picture

Geezus! What matters anymore? are TPTB really planning to crash everything and leave the earth? WTF?!?!

Tue, 04/12/2011 - 14:10 | 1162355 john39
john39's picture

crash it yes.  leave the earth, no...  just take full control and eliminate the illusion of equality of mankind.

Tue, 04/12/2011 - 16:34 | 1162930 Mentaliusanything
Mentaliusanything's picture

Rally on ? Fuck me its only $14. 297 TRILLION - tis but a scratch

(But I wouldn't mind 1%)

The amount is trivial until it is thought through

Then is give you instant dysentery.

Shat it out lads 


Mon, 08/15/2011 - 06:35 | 1560874 cindycheng
cindycheng's picture

It is such an important topic and ignored by so many, even professionals! I do enjoy writing but it just seems like the first 10 to 15 minutes are lost simply just trying to figure out how to begin. Dried Fruits and Nuts

Tue, 04/12/2011 - 13:25 | 1162141 jus_lite_reading
jus_lite_reading's picture

WHOOPSY DAISY! Greek 10 year bond yields at 13%!!!!!!! No worries cause China will buy it up.....




Tue, 04/12/2011 - 13:33 | 1162185 Zina
Zina's picture

Com'on Republicans! Raise the debt ceiling above 100% of the GDP! What are you waiting for?

Tue, 04/12/2011 - 13:34 | 1162191 RobotTrader
RobotTrader's picture

As usual, those Treasuries were lapped up like cotton candy.

Bill Gross was probably buying, afraid of the TLT train leaving the station.

Tue, 04/12/2011 - 13:39 | 1162195 Cdad
Cdad's picture


Tue, 04/12/2011 - 13:41 | 1162205 earnulf
earnulf's picture

Funny thing happened on the way to adding up the debt.   Since April 1 the government has added only 14 billion dollars to the debt, despite auctioning off a whole heck of a lot more in treasuries.    Is it possible that the government is moving things around to allow time to raise the limit? (Naw, accounting shenanigans aren't tolerated by our government!)

It really doesn't matter, since 1) the limit will eventually be raised as our spineless elected congressmen give themselves enough time to "tackle the deficit issue" and 2) Government Debt will exceed GDP by September 30 anyway.

Tue, 04/12/2011 - 13:43 | 1162237 I Am The Unknow...
I Am The Unknown Comic's picture

Tyler, thank you for this info.  These are issues I continue to track closely.

Does anybody else here but me wonder if perhaps a significant contributing factor to yesterday and today's selloff is that there was no POMO today and yet the 3 year was sold today to mostly PDs who needed cash to buy the garbage because there was no POMO today to provide them that cash?  Furthermore, the dollar had to be propped up like Uncle Bernie (Weekend at Bernie's) prior to the sale or else it would have been worse.  Therefore, Goldmans Sacks had to beat down oil (fastest way to raise the dollar) so that they wouldn't have to spend so damn much money buying 3 year UST (stands for United States' Trash).  Of course, PMs and commodities were hurt by this, but most show support levels as the people formerly known as those suckers buying 3 year treasuries are now known as those damned foreigners buying up commodities and PMs. 

Please....this is my working thesis and I really would welcome any feedback, positive or negative.  Thanks.   

Tue, 04/12/2011 - 13:47 | 1162253 SRV - ES339
SRV - ES339's picture

Well, they hit commodities, equities, and PMs... of course the auction's an 'A'... mission accomplished (with a few front running billions for the insiders as a bonus).

Time for a push to low double figures into the close... gotta paint the evening news report.

Is it true it's a bullet to the head for fraud in China?

Tue, 04/12/2011 - 14:01 | 1162301 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

PDs will just flip to the direct in a few days anyway

Tue, 04/12/2011 - 14:16 | 1162362 ivana
ivana's picture

Where can we see schedule of treasury auctions for 1-3y bonds? Please advise

I am sure that would coincide with bond yields drops (while generaly rising) and market crashes for next year...

Tue, 04/12/2011 - 15:51 | 1162770 ivana
ivana's picture

thx. let's see what will happen...

Tue, 04/12/2011 - 14:54 | 1162545 hungrydweller
hungrydweller's picture

Wow.  It is really sad when 32B in new debt barely qualfies as a rounding error to our total debt.

Fri, 07/22/2011 - 03:46 | 1479789 cindycheng
cindycheng's picture

I read your post and I found it amazing. Your thought process is wonderful. Regards,
moulin farine

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