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Pastimes : All Clowns Must Be Destroyed

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To: NickSE who wrote (8773)2/10/2000 9:20:00 PM
From: NickSE  Read Replies (2) of 42523
 
Bond boys & gals stickin' it to our pal...SummerBreeze..lol

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US Treasuries plunge after "WORST EVER" bond auction
biz.yahoo.com

NEW YORK, Feb 10 (Reuters) - Prices of U.S. Treasuries spun lower on Thursday after the U.S. Treasury Department found very thin demand for an auction of long bonds that market watchers called the "worst ever.

``These were ATROCIOUS (auction) results,' Houston Hill, a bond trader at Josephthal, Lyon and Ross said. Hill described the auction as the WORST he had seen in 20 years of being a bond trader and showed there was a lack of natural demand for 30-year paper.
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