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Pastimes : Ask Mohan about the Market

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To: tekgk who wrote (13921)2/9/1998 1:05:00 PM
From: Cynic 2005  Read Replies (2) of 18056
 
tek, russel, GZ or any other bond guru,
biz.yahoo.com
Is the auction expected to be crummy? I am speculating that's why bonds are weak. After all, who would be so eager to load-up before the Humphrey Hawkins (sp) testimony?

Markets do take this measure (demand for bond auction) as a guide for available liquidity. Don't they?
-Mohan
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Monday February 9, 12:41 pm Eastern Time

US Treasury's 3-,6-mo bill sale seen 5.10,5.08 pct

NEW YORK, Feb 9 (Reuters) - The U.S. Treasury's auction of three- and six-month bills was expected to produce average
discount rates of 5.10 percent and 5.08 percent, respectively, traders said. In when-issued trading at 1240 EST/1740 GMT,
the three-month bill stood at 5.105 percent and the six-month traded at 5.075 percent.
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