Monday, May 25, 2009

SPY $TNX FXE & TLT


The US Treasury is selling
$40bn of two-year notes on Tuesday,
$35bn of five-year bonds on Wednesday, and
$25bn of seven-year debt on Thursday.

"... traders are watching closely to see what share is being purchased by US government itself in pure "monetisation" of the deficit.

It has so far bought $116bn of Treasuries as part of its "credit easing" blitz, out of a $300bn pool. "
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