Tuesday 28 July 2009

Flooding the markets

Rates in the US are going up again.
The 2-year auction of Treasury paper was a disappointment. Again.
42 bln USD were auctioned. Who bought?

And it’s not over. Also today 27 bln 1 year were auctioned, tomorrow we have 39 bln 5-years and on Thursday there is 28 bln USD 7-year paper;
Good luck. Well the Chinese are in Washington (150 people) so they have something to discuss, I suppose.


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