The Naked Truth - Big Kahuna a Myth Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IceShark who wrote (18940)	2/10/1999 4:26:00 PM
From: Cynic 2005	of 86076

Wednesday February 10, 3:37 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) US Treasuries down sharply after rebound bid fails By Kathie O'Donnell NEW YORK, Feb 10 (Reuters) - U.S. Treasuries pared long-end losses briefly with help from a better-than-expected 10-year note auction, but slumped back near their lows by the end of futures trading Wednesday. The auctioned notes, which bore 9-3/4-year maturity because the government reopened the November issue, were sold at a high yield of 4.913 percent. Traders had forecast a yield between 4.93 percent to 4.95 percent. ''It was fine,'' James Kochan, a first vice president and bond market strategist at Robert W. Baird & Co., said of the sale. ''It was not a huge cover, but it was adequate and it was priced about right. '' The bid-to-cover ratio was 2.04. Bonds started to cut losses after the auction results were announced, but by shortly after the 1500 EST/2000 GMT futures close they were down 21/32 at 98-19/32 to yield 5.34 percent. The bond's price hit a low of 98-15/32 earlier in the day. Two-year notes were down 1/32 at 99-16/32 to yield 4.77 percent.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next