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Another Treasury Fainting Spell Makes Ben Sick – Professional Edition

The Treasury market had another fainting spell when the Treasury announced its refunding schedule for next week’s 3 and 10 year notes, and 30 year bonds. While there were no surprises, the market still didn’t like it. The Fed tried to absorb the selling with $15 billion in direct Treasury purchases over the last two days, but it was of little avail. We can only imagine how much worse it would be without the Fed standing in the pits. Or maybe not. Could it be that the fact of Fed buying is bringing out the sellers in droves? 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.

1 Comment

  1. avmed

    Anyone who has invested in long term (> 3 year) bonds in the past year and a half is a fool. High inflation is nearly a given and when it starts, you’re going to get hit very badly.

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