http://www.bloomberg.com/apps/news?pid=20601087&sid=aOa7t4yc8eXI&refer=home
.."In today's auction, indirect bidders, the class of investors that includes foreign central banks, bought 10.7 percent, the lowest on a new 30-year bond since the Treasury resumed sales of the maturity in February 2006 after an almost five-year hiatus. "...
So 10/30yr rallies today.
So does the dollar.
So will USA Mortgage rates and other corporate bonds.
The lowering of the FED fund rate just got a kick in the arse.
.."In today's auction, indirect bidders, the class of investors that includes foreign central banks, bought 10.7 percent, the lowest on a new 30-year bond since the Treasury resumed sales of the maturity in February 2006 after an almost five-year hiatus. "...
So 10/30yr rallies today.
So does the dollar.
So will USA Mortgage rates and other corporate bonds.
The lowering of the FED fund rate just got a kick in the arse.