There’s lots of paper to unload this week. Nearly $37.5 billion accepted bids today in the all important 2-year auction. Sums around $20 and 12 billion are expected in 5- and 7-year auction on Wednesday and Thursday. $70 billion worth debt issuance is a lot of paper to move. A planned sacking of gold helps to move the merchandise from the showroom floor.
Source: treasurydirect.gov
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