"The U.S. will probably sell a record $33 billion of three- year notes on March 10, $17 billion of 10-year debt the following day and $10 billion of 30-year bonds on March 12, according to Wrightson ICAP LLC, a research unit of the world’s largest inter- dealer broker. The auctions follow $94 billion of note sales last week. << http://tinyurl.com/djf4cj
The 10 year notes are the Government's bread and butter.
SecTreas Geithner deliberately fumbled the $350B TARP plans FEB 10 to guarantee the sale of the T-Notes FEB 12.
We all know the market is near a bottom - and that it's not absolutely there just yet.
STEP 1 - MON or TUE (or maybe even WED morning since the bonds aren't sold till 1pm) anticipate some contrived pseudo-problem, real or perceptual, to be released by a government entity; something that will shake an already traumatized market (SKF may hit $400).
STEP 2 - 1pm the T-Notes go on sale for dirt cheap.
STEP 3 - THU or FRI some happy juice is squeezed into the media whore and the market may very well rally then.
Wait to go long WED, unless the market takes off anyway.
Maybe the T-Notes don't have to be sold.
