The market looks forward next week to a day of heavy Treasury settlements on Tuesday, with a total bill of $80 billion coming due. Knowing that, it was a relatively safe bet that the market would be down on Friday, and probably Monday as well. Even though the Fed stepped up and bought another $7.5 billion in Treasuries Friday as part of its $300 billion binge over the next 6 months, it’s just a drop in the bucket relative to what the Treasury will be sucking in on Tuesday. 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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