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


To: Square_Dealings who wrote (58459)4/17/2006 1:16:43 PM
From: russwinter  Respond to of 110194
 
cash is trash>

Apparently FCBs think so, bought only 6.014 billion of the 23 billion T-bill auction. They held $7.208 billion of the maturing. Yields (4.934% for the six) aren't spiking now because these are paydowns as Treasury is collecting tax receipts and has no financing needs for about a month.