Treasuries rose rapidly today at 1:00 pm EST as the U.S. Treasury sold long bonds. Apparently, the demand was strong because his spike just minutes ago indicates that it was well bid. Rumor has it that the Fed may have been in the market to buy, but I haven't been able to confirm this. Either way, it doesn't really matter. The chart suggests that it was a successful auction.Thursday, March 12, 2009
Treasuries Spike At Auction on Strong Demand
Treasuries rose rapidly today at 1:00 pm EST as the U.S. Treasury sold long bonds. Apparently, the demand was strong because his spike just minutes ago indicates that it was well bid. Rumor has it that the Fed may have been in the market to buy, but I haven't been able to confirm this. Either way, it doesn't really matter. The chart suggests that it was a successful auction.
