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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (2402)	2/2/2000 1:05:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 3536

supply/demand rallies bonds (USA pays off some debt for a change) usatoday.com U.S. to reduce sales of notes, bonds WASHINGTON -- The U.S. Treasury will sell fewer notes and bonds next week than were expected, reduce the sale of longer-term securities and begin the first cash buyback of government debt -- all consequences of the government running budget surpluses. The $32 billion of securities to be sold in the auctions is less than the $37 billion analysts were forecasting. That news, and the realization that the supply of government securities in the market would keep shrinking, sent Treasury bonds soaring in morning trading Wednesday. The yield on the 30-year Treasury bond was 6.32%, down from 6.42% Tuesday. [...]