Skip to comments.Treasuries set for worst year since 1978 as U.S. steps up sales
Posted on 12/30/2009 2:57:17 PM PST by Nachum
Treasuries headed for the worst year in at least three decades as the U.S. stepped up debt sales to help spur growth in an economy recovering from the biggest slump since the Great Depression.
The existing seven-year note was little changed after a $32 billion of sale of the debt drew a yield of 3.345 percent, compared with an average forecast of 3.372 percent in a Bloomberg News survey of four of the Federal Reserves 18 primary dealers. U.S. government securities have fallen 3.6 percent this year, according to Bank of America Merrill Lynch indexes, the worst performance since 1978.
(Excerpt) Read more at finance-commerce.com ...
The list, ping
Treasury sales are crap because they are offering crappy interest rates.
WELCOME BACK CARTER
Sure would be great if the government stopped “fixing” the economy.
This article can’t be right,
Over the last several days I’ve been reading in various MSM outlets that treasuries are recieveing a “positive reception”
You really don’t expect me to believe they are lying do you?
It’s an auction. The rates are set by those making offers to buy the bonds.
Then is worse than I thought. People don’t want them at any rate.
We better get on the road leading up. The spiritual highway. The Obama train is cruising for a crash.
0bama is Carter on steroids! Having survived The Carter Years myself as a young woman starting out on her own, my advice is that we all had better buckle in for one helluva bumpy ride DOWN.
(And PRAY like you’ve never prayed before!!)
The Highway to Hell goes past Obama, Pelosi, Reid, Soros, and the rest of the traitors in the US Congress.
But the writer sure doesn't help you find out, and he could mean something completely diffferent that he isn't sharing with us!
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