Is there a Money Market or Cash fund or ETF that shows where all of WED's cash went to?When the long bonds sold off on yield triggers money wasn't going into Treasuries. (Maybe a fair bit into shorter term Treasuries, but not that much!)
Money drained out of Equities.Out of gold & silver.
Out of the Euro & into the $USD and crude oil.
(Interesting to see those both up at the same time.)
It didn't go into any of the market sectors.
Some into commodities & ag.
That was a lot of cash just to "hide" somewhere for the afternoon.Any ideas?
Treasury Auction Articles:
Treasury Sell Off
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"But we won't know if things are OK or not until we get the 10-year (auction next month), as the further you go out in duration, the more critical it is that the U.S. can get funding," he said.
Meanwhile, Moody's Investors Service affirmed the Aaa rating for the United States but warned the top credit could come under pressure if the government fails to reduce debt levels once economic growth returns. <<
Government Bond Yields Rise to Six-Month Highs; Metals Fall
>> The U.S. will sell $3.25 trillion of Treasuries in the fiscal year ending Sept. 30 to fund bank bailouts, stimulus spending and a record budget deficit, according to Goldman Sachs Group Inc. Today, the Treasury will auction $26 billion of seven-year notes. <<
