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To: Bid Buster who wrote (140566)12/27/2001 11:21:04 AM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
f*ck...



To: Bid Buster who wrote (140566)12/27/2001 11:29:04 AM
From: Ken98  Read Replies (2) | Respond to of 436258
 
U.S. Treasuries rise, defying massive note sale
(UPDATE: Recasts, adds comment, updates prices)

By Eric Burroughs

NEW YORK, Dec 27 (Reuters) - U.S. Treasuries rose at midmorning on Thursday despite a record-sized auction of two-year notes looming later in the session, as the market received a technical boost in very thin trade.


Treasuries had slipped in early trade, suffering a fourth day of declines ahead of the Treasury Department's $23 billion auction of new two-year notes, a record amount and an increase of $2 billion from what was a poorly received auction in November. New debt supply typically depresses prices.

After the futures contract on the 10-year note held key support and moved higher, Treasuries across the board rose despite another day of gains in Wall Street stocks. But traders shrugged off the move as just noise in a very quiet session.>>

Like, duh? It's part of the "script" for today.