Posted on 10/29/2009 11:31:53 AM PDT by FromLori
Selling U.S. debt was a bit harder than expected today.
Today's treasury auction came in a bit below expectations, with the 7-year yield hitting 3.14% after initial expectations of 3.11%.
The bid to ask, which is the total value tendered over the total accepted, as shown below, came to 2.65. This was lower than the average of the last four auctions.
(Excerpt) Read more at businessinsider.com ...
This is the kind of news that MSM ignores; I’ll even go so far as to say Fox may not even pick up on it. Beck will.
This is a big deal.
And whatever you do, ignore the fact that 50% of all Option ARMS are at least 30 days delinquent or that disposable personal income dropped nearly 6% from last quarter. It'll just make you sad, and we need happy people, right?
Difficulty inducing people to buy worthless treasuries. Go figure.
Just because it seems fittin'. ;^) LOL
Where’d you get the ARM and income numbers from?
It is a big deal I hope Beck talks about it.
Fox Biz channel? I suspect they are ahead of the news here.
Amazing to me that people dismiss news, and yet clamor for dancing with the ‘stars’..
excellent blog
depressing, but excellent
Thanks.
That’s okay, The Treasury just printed up some more worthless paper money with which to buy the T-Bills that no one would buy - bingo! Credit sanitized!.......it’s like a game to these assholes.....
No game. This is creating a collapse of our nation so the constitution can be swept away while a new nation is formed in her place.
they just put a bill into the homestretch that would spend another trillion dollars, what do you expect?
Been saying this since Resident Obama went on his spending spree. Going in debt is good only as long as there’s someone to buy it.
This is not a big deal. Buyers have never liked the 7 year Treasury and never will.
Want to see something sad?
Go to Philadelphia, to Independence Hall.
This is where the founders created the Constitution that used to be the law of our nation.
They had a pretty good run, about 150 years. Not bad all things considered. We still live off of their good name .... but not for much longer I’m afraid.
They guard that Hall from terrorists, but the work completed there is now viewed with open disdain in our congress. I fail to see the point of guarding it now.
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