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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Haim R. Branisteanu3/9/2010 1:15:41 PM
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3-Year Note Indirect Bid 52%; Direct Bid 10%

13:04 [Dow Jones] Indirect bid--a proxy for demand from foreign buyers including central banks--in 3-year note auction was 52%, compared with 51.2% in Feb and 38% in Jan; average 52% for last 10 auctions.

Direct bid, a category of bids from non-primary dealers, banks, money managers and depository institutions which can submit bids directly at Treasury auctions, was 10%, compared with 10.1% in February and 23.4% in January.(MOZ)

(remarks - this indicates that the FED will stay put for a long time at least the end fo 2010 - net result the USD is weakening)
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