7 Year Auction Results:
Interest rate: 2.375%
High Yield: 2.429%
Price: 99.654311
Indirect bidders took down $13.8 billion, or 48%
Primary dealers took down $11.4 billion, or 39.3%
Click here for the Treasury's full detailed report:
Thursday, May 26, 2011
Federal Employee Pensions...ahem....Treasury Sells $29 Billion in 7 Year Bonds
The Federal debt limit has been breached, and yet the bond auctions continue right on schedule. We hope none of our readers are federal employees with plans on ever tapping their pension funds....if so..your plan just lost $29 billion this afternoon to continue the great Ponzi.
7 Year Auction Results:
Interest rate: 2.375%
High Yield: 2.429%
Price: 99.654311
Indirect bidders took down $13.8 billion, or 48%
Primary dealers took down $11.4 billion, or 39.3%
Click here for the Treasury's full detailed report:
7 Year Auction Results:
Interest rate: 2.375%
High Yield: 2.429%
Price: 99.654311
Indirect bidders took down $13.8 billion, or 48%
Primary dealers took down $11.4 billion, or 39.3%
Click here for the Treasury's full detailed report:
