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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (13887)	5/14/2004 8:45:05 AM
From: orkrious	Respond to of 110194

from john succo at minyanville One little thing about the auction bothers me, and may bother you. Normal participation by foreign central banks in our auctions has been averaging around 44% (of the notional value of the auction). Yesterday it was 35%. In addition, 20% of the 5-year was taken down due to a lack of foreign buying (the fed in turn has to monetize this portion). One auction does not indicate a trend. But we need foreign buying of out bonds or else rates will certainly rise.

To: mishedlo who wrote (13887)	5/14/2004 8:48:25 AM
From: philv	Respond to of 110194

Thank God, there is no inflation. Great! Must have been hallucinating. Party on!