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


To: russwinter who wrote (64749)6/28/2006 2:07:28 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'OCC Likely To Curtail Option ARMs'

originatortimes.com

Anyone hearing anything new? Tough talk was over six months ago.. Clueless fools at the controls should have attacked the RE bubble from this side a bit more. Now the new guys Bernanke and Paulson will be the sacrificial lambs if the experiment fails..



To: russwinter who wrote (64749)6/28/2006 2:12:45 PM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
5 year auction fiasco

In the end, the indirect bid for the five-year note was indeed weak, with
just 18.3% of demand coming from domestic and foreign institutional buyers and
central banks. That's the lowest so-called indirect bid for five-year notes in
three years and seemed to confirm the downtrend in indirect demand at Treasury
auctions seen throughout this year.

As a result, dealers ended snapping up 80% of the $14 billion sold. The
bid-to-cover ratio was a tame 2.05 and the government sold the notes at a yield
of 5.203%.