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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (140546)	12/27/2001 9:37:19 AM
From: Ken98	Read Replies (2) \| Respond to of 436258

<<US Treasuries slip, awaiting record note auction...The Treasury Department will sell $23 billion of new two-year notes in its monthly auction, the highest amount ever and an increase of $2 billion from what was a poor auction in November. But the market may have a hard time digesting the new notes as investors position for an economic recovery and see slim chances for more Federal Reserve interest rate cuts, with evidence mounting that the economy is on the mend.>> biz.yahoo.com Now, if the numbers (well cooked as you say) come in "better than expected" a day late it would accomplish 2 things. First, by putting the release off a day it minimizes the pain for the note auction. Second, by "beating" expectations it provides just that needed extra rocket fuel to complete the year-end rally. Neat trick.