Thursday, February 11, 2010

30 Yr Auction Results

Over 15% of the competitive bids were direct bids. This is up from 6.9% in Feb. These percentages follow a similar trend revealed in yesterday's 10-year auction results.

The reaction in the bond market and chatter around the trading desks hints of debt monetization. The lack of transparency with direct bids serves only to fuel the speculation.

Source: treasurydirect.gov

0 comments:

Post a Comment