Re: Treasury Auction - from Le M. C.

verfasst von CRASH_GURU, 10.09.2004, 10:06

-->>>... given the amount of borrowing they have to do...
>Hört, hört!

Bill;
Just to elaborate on the rationale. Over the past number of auctions foreign buying has been anywhere from 38% to 54% of the winning bids - with 2 - 2.5 bid to covers. This time it clearly looks like they (foreigners) didn't show up at the auction at all - but we're told the bid to cover is still 2.12? So roughly 40% of the usual bidders didn't show up, the auction was figuratively horrible with a 4.195 average bid but the clowns want us to believe there were 2.12 in bids for every dollar auctioned. Well, not frikkin likely. This might in part explain the build in the repo pool - with dollars being added to help 'slop up' (monetize) excess debt. I personally, do not believe the auction results as published - IMO they are completely incredulous.
best,
Rob

Thread gesperrt

 

gesamter Thread:

• Treasury Auction - Lässt etwa das Interesse an den Schuldscheinen nach? - CRASH_GURU, 09.09.2004, 20:42
  • Re: Treasury Auction - / Oh ja! - - Elli -, 09.09.2004, 21:05
    • Re: Treasury Auction - from Le M. C. - CRASH_GURU, 10.09.2004, 10:06
  • Kein gutes Omen:'' picked up only 2.8 percent of the issue'' - Emerald, 09.09.2004, 22:07
    • Re: Kein gutes Omen:'' picked up only 2.8 percent of the issue'' - Amanito, 10.09.2004, 16:44