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To: MittFan08
The German bond action this week is much ado about nothing. Bunds (their equivalent to 10-year Notes) were almost unch on the week. Yawn.

Until the public discovers how much worse off (relatively) big EuroZone banks are than are US banks, Bunds, BOBLs, and Schatzes don't really have a problem other than that Eurocurrency is going to take a hit this year.

10 posted on 01/11/2009 12:20:07 PM PST by SAJ
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To: SAJ
The German bond action this week is much ado about nothing. Bunds (their equivalent to 10-year Notes) were almost unch on the week. Yawn.

I'm new to following national debt. Would you mind elaborating:

1) on why a country not be able to sell 1/3 of it's debt offering is no big deal;

2) on how dangerous the U.S. treasury situation is. Thanks

15 posted on 01/11/2009 12:35:11 PM PST by Golddigger3
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