Long Bond getting killed!

[ViC78]

Sorry, just felt that Gold needed some company in its death throes.

[globaleconomicollaps]

Re: Long Bond getting killed!

http://zerohedge.blogspot.com/2009/0...ction-dud.html


30 Year Auction A Dud
Posted by Tyler Durden at 3:07 PM

- Yields 4.303% vs. Exp. 4.292%

- Bid to cover 2.36 vs. Avg. 2.54 (Prev. 2.68)

- Indirects 50.2% vs. Avg. 47.73% (Prev. 49.09%), and who the hell knows if the fudged definition includes any interest from the Red Queen and other denizens of the Land of the Looking Glass.

- Allotted at high 67.88%

[rabot10]

Re: Long Bond getting killed!

Sorry, just felt that Gold needed some company in its death throes.

I feel better thanks ;-)

[Starving Steve]

Re: Long Bond getting killed!

It is difficult to know what to make of the results of U.S. government bond auctions nowadays because the U.S. Fed ( under the putz from Princeton ) is bidding for and buying its own bonds back. And since the U.S. T-bond results influence the market for all bonds, the U.S. bond market is rigged in favour of ridiculously low interest rates and successful bond market auctions.

Anyone with half-a-brain stays-away from rigged markets such as the U.S. bond market.