Treasury auctions have seen record or near record bid/cover ratios this week, thanks in part to $16 billion in bill paydowns. That cash also boosted stocks. But longer term Treasuries sagged as the market faces the settlement of $55 billion of new intermediate and long term supply on Monday 9/14. Indirect bidding was a little weaker this week, resuming a trend that began more than a month ago. 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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