Wednesday, December 8, 2010

10-Year Auction Results

It's not so much is anyone buying but rather who's been doing the buying since onset of the debt collapse. Dealer participation rate are falling and remain weak in comparison to historical reference points. This has been offset by increased purchases from Direct (anonymous) and Indirect (likely foreign central banks), likely coordinated, sources.

10-Year Auction Results


Source: treasurydirect.gov

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