Deciphering the Treasury Auctions: US Bowls a Tricky Ball to Markets (TWSS)

by Benjamin Domenech on 8:22 am July 31, 2009

“What was particularly disturbing about these auctions was the poor demand from overseas investors, notably central banks, whose appetite for Treasuries will be crucial if the US is to successfully raise the sums it needs this year.” Buyers’ tendencies point “to US interest rates rising more than is desirable in the current climate.”

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