Treasury Supply On Deck: $104 Billion
As the 10 Year has resumed its daily pounding (and it seemed like just yesterday that bond concerns had disappeared... oh wait it was - time to deflate equities guys), the scheduled bond releases for next week should make the bond vigilantes giddy at the prospect of further uncovering China's growing lack of interest in US printed pieces of paper.
Here is the line up for next week:
$40 billion 2 Years on Tuesday
$37 billion 5 Years on Wednesday
$27 billion 7 Years on Thursday
Total: $104 billion.
And no, Geithner is in no way monetizing the debt.
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