A Joke Of A Bond Auction
February 09, 2011 at 15:31 PM EST
Today, yields on the 10 and 30 year U.S. Treasury Note are declining sharply after the U.S Treasury auctioned off $24 billion in 10 year T-notes. Yesterday, the demand for the T-notes was nonexistent as yields spiked higher. Has anyone noticed that after a bad bond auction the very next day there is so much [...]
