1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Great bond market today

Discussion in 'Economics and Financials' started by my 2 cents, Jun 25, 2009.

  1. my 2 cents

    my 2 cents Well-Known Member

    3,978
    2,096
    113
    Dec 10, 2007
    NC Mountains
    Great bond market today...........just ignore this...."Indirect bidders, a class of investors that includes foreign central banks, purchased 67.2 percent of the offering. They bought 33 percent at the May sale and an average of 33.2 percent at the past four sales"....and this "The central bank bought $3.249 billion of U.S. debt today, bringing to $180.724 billion the amount acquired since the operations began on March 25. Four more purchases are scheduled over the next two weeks."

    Just how stupid do the reporting agencies think we are?

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aGZF0wIxNHgA
     
    gafinfan and joeydolfan like this.
  2. joeydolfan

    joeydolfan Season Ticket Holder Club Member

    5,167
    2,598
    113
    Apr 26, 2008
    Ft. Worth
    All just one big ponzi scheme Ray, I would not have US Treasuries right now unless they were given to me. Straight up TIPS if anything.
     
    my 2 cents likes this.
  3. padre31

    padre31 Premium Member Luxury Box

    100,026
    37,527
    0
    Nov 22, 2007
    inching to 100k posts
    Well, it would depend on how ruthless and daring one is, the FedGov will continue to sell Treasuries, the interest rates inevitably will rise, and rise rapidly as they plan on borrowing more and more.

    One could purchase now at incredilbly low rates and wait in view of that economic fact of life
     
  4. my 2 cents

    my 2 cents Well-Known Member

    3,978
    2,096
    113
    Dec 10, 2007
    NC Mountains
    Yeah but the Fed and multinational banks are the ones buying.
     
  5. padre31

    padre31 Premium Member Luxury Box

    100,026
    37,527
    0
    Nov 22, 2007
    inching to 100k posts
    Certainly but they will still have to offer Treasuries to private firms, there will be opportunities to buy low and watch the interest rates go up, up, up...
     
    my 2 cents likes this.

Share This Page