Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Treasurys survive $200 billion onslaught

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Ben Rooney
CNNMoney.com
Saturday, August 1, 2009

Prices rise after a record weekly debt offering goes down with only mild indigestion. Investors brace for next week’s refunding announcement.

Treasury prices rose Friday after a record week of debt sales ended on a high note, easing some fears that foreign demand for U.S. debt is wearing thin.

The government sold more than $200 billion in notes, bills and Treasury Inflation Protected Securities this week. It was the latest in a string of record-setting debt offerings that the U.S. has held monthly as the government seeks to fund a $1.8 trillion budget deficit.

Concerns about buyer fatigue were highlighted after this week’s auctions of 2- and 5-year notes brought in fewer bids compared with last month’s auctions of the securities. Indirect bids, which include foreign central banks, were also mixed this week.

Foreign demand: Many analysts are concerned that China and other Asian central banks, which are major buyers of U.S. debt, are losing their appetite for Treasurys. But those concerns were allayed after Thursday’s auction of 7-year notes garnered a healthy share of indirect bidders.

Full article here

Treasurys survive $200 billion onslaught  150709banner1

This article was posted: Saturday, August 1, 2009 at 4:45 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Al Sharpton: Mob Rat For The FBI See the rest on the Alex Jones YouTube channel.

Epic Fail: New Yorkers Disobey New Gun Laws See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.