Miserable 5Y-note auction# Stock
N*n
1 楼
Forget about Greece. Look here at today's 5Y auction that had red alarm all
over it after the same failure hit 10Y and 30Y bond this month. While
Bernanke pretended all is fine in front of Congress, investors were giving
Fed a collective vote of no confidence.
Direct Bidders once again saved the just completed 5 year bond auction. Not
only was the $13.1 billion direct bid a record by a large margin (the prior
record bid was $8.5 billion), not only was 12.8% take down the second
highest since Jun
over it after the same failure hit 10Y and 30Y bond this month. While
Bernanke pretended all is fine in front of Congress, investors were giving
Fed a collective vote of no confidence.
Direct Bidders once again saved the just completed 5 year bond auction. Not
only was the $13.1 billion direct bid a record by a large margin (the prior
record bid was $8.5 billion), not only was 12.8% take down the second
highest since Jun
