Thursday was another quiet day for the Fed but the Treasury was busy. It announced that Monday’s 13 and 26 week bill auctions would temporarily pay down another $6 billion in debt, leaving some holders without a place to sit in the game of Treasury paper musical chairs. The game will end immediately however, as the Treasury will also auction new 2 and 5 year notes with net new borrowing of $11.25 billion next week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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