What happened just now 1pm EST?

Quote from mizhael:

Thanks! I kept refreshing my pages on MarketWatch (my old habbit from trading stocks and ES) but it didn't mention a single word about an auction which was going on...
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Sure. Well, hopefully you don't have to refresh your account.
 
Quote from Martinghoul:

Are you aware of bond auctions happening out there? There was one and it didn't go too well...
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Where do I see it didn't go well?
 
Quote from BondTrader50:

Sure. Well, hopefully you don't have to refresh your account.
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What other readings do you guys usually read for trading treasuries? I found it's very different than trading stocks and indices...?
 
Ouch!

Auction Out: The 5-yr saw a not so hot outing, with the 1.849% rate on the high end, the 2.02 bid-to-cover rate on the low end and the 30% take by indirect bidders not impressive. The market got knocked off in light of the fact that yesterday's solid 2-yr had slanted the playing field while the additional supply is seen as having a tough going with the $24B 7-yrs sitting in the wings.

That 13 is rearing its ugly head again!!
 

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Quote from Bigpipn:
Auction Out
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Dealers like to "muscle" the market up and down when auctions take place in order to make money on the new securities and short-hedges. :cool:
 
It looks like the failed auction in UK and US had a large impact on the stock market also, which dragged down the indices...

At least the press is telling such a story,...

Do the auctions have that large impact on the stock markets?
 
Quote from mizhael:

It looks like the failed auction in UK and US had a large impact on the stock market also, which dragged down the indices...

At least the press is telling such a story,...

Do the auctions have that large impact on the stock markets?
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Dude, you have to try to think about these things for yourself. What does a failed auction mean? What does a govt's inability to fund its various fiscal measures mean?
 
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