Internationals NOT BUYING USA Debt today...

Discussion in 'Wall St. News' started by Digs, Feb 7, 2008.

  1. Digs


    .."In today's auction, indirect bidders, the class of investors that includes foreign central banks, bought 10.7 percent, the lowest on a new 30-year bond since the Treasury resumed sales of the maturity in February 2006 after an almost five-year hiatus. "...

    So 10/30yr rallies today.

    So does the dollar.

    So will USA Mortgage rates and other corporate bonds.

    The lowering of the FED fund rate just got a kick in the arse.