From Marketwatch.com today:
Earlier the Treasury Department said it plans to offer $34 billion in securities next week to refund federal debt and pay down about $25.9 billion... Recent Treasury auctions have met with a lackluster response, and there are concerns about excess supply.
New data this week from J.P. Morgan showed that rising numbers of U.S. investors are shorting Treasurys, betting that their prices will fall.
In addition, last week's Treasury auctions attracted weak levels of indirect bids, the carefully watched category that includes foreign central banks.
How low can it go??
Earlier the Treasury Department said it plans to offer $34 billion in securities next week to refund federal debt and pay down about $25.9 billion... Recent Treasury auctions have met with a lackluster response, and there are concerns about excess supply.
New data this week from J.P. Morgan showed that rising numbers of U.S. investors are shorting Treasurys, betting that their prices will fall.
In addition, last week's Treasury auctions attracted weak levels of indirect bids, the carefully watched category that includes foreign central banks.
How low can it go??