US 5yr Bond Auction Effectively FAILS

Inverse relationship between treasury price and interest rates. This may indicate that the market demands a higher yield on the notes and/or the market is beginning to price in the impact of inflation in the market. Consequently, higher inflation is correlated with higher stock prices.

Walt
 
Quote from tradingbug:

I don't understand how the auction effectively Fails and the market rallies.



http://market-ticker.org/archives/1267-US-5yr-Bond-Auction-Effectively-FAILS.html
More...

What an *** who doesn't deserve the podium he's given / made for himself (amazed he got himself on CNBC). 75B showed up to be tendered. Yes, it wasn't a record 96B last auction, but look over the history and the results are definitely inline. We're selling an aweful amount of debt, and there isn't a thirst for it like before since fear is ebbing. I say this is a good sign.
 
You must log in or register to reply here.
Back
Top