Treasury Auction Question
Submitted by epdog on 02/25/2010 00:30 -0500
I guess this is my question. Previously indirects took down 100% in the last 3 month auction or whatever it was. Now the direct bidders took down a large amount. The phrasing in both posts seem bearish to me. If someone could explain why both of these are bad things, I would appreciate it. I am somewhat familiar with the auction process, so I am sure there are others with similar questions.
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