Quote from Lawrence Chan:
What happened?
Quote from riskymove:
5-year Note Auction Results: High Yield 2.689% (2.635% expected); Bid/Cover 1.92x (2009 Avg 2.22x); Indirect Bidders 36.7% (2009 Avg 41.9%)
Previous offering saw $37B, 2.7% yield, with a bid-to-cover of 2.58x and an indirect bidder participation rate of 62.8%.
Quote from Eko_Trader:
I gotta give it to the bulls, they're holding their own.
Un-bleeping-believable!!
Dollar just made new highs
Crappy Auction
Overbought conditions
...and they refuse to cash in and go home.