Treasuries Take a Breather
I was getting a little nervous over the past few days watching treasury bonds rally sending yields lower. Luckily, prices for treasury bonds started going down again today after a weak auction for new 5 year notes.
"NEW YORK, Nov 8 (Reuters) - U.S. Treasury debt prices extended early losses on Wednesday afternoon after a $13 billion auction of new five-year notes drew poor demand from indirect bidders, the second weak showing in as many days.
The notes were sold at a high yield of 4.525 percent, and drew bids 2.61 times per dollar of debt on offer, above the 2.51 average of the 10 previous five-year note auctions in 2005."
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"NEW YORK, Nov 8 (Reuters) - U.S. Treasury debt prices extended early losses on Wednesday afternoon after a $13 billion auction of new five-year notes drew poor demand from indirect bidders, the second weak showing in as many days.
The notes were sold at a high yield of 4.525 percent, and drew bids 2.61 times per dollar of debt on offer, above the 2.51 average of the 10 previous five-year note auctions in 2005."
More...
posted by Little_Silvered at 6:55 PM
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