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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (19119)	3/26/2009 8:41:15 AM
From: Giordano Bruno	Respond to of 71475

Treasuries Fall Before $24 Billion 7-Year Sale; Stocks Gain March 26 (Bloomberg) -- Treasury 10-year notes fell for a sixth day, the longest run of declines in almost five months, after gains in Asian stocks trimmed demand for government debt as the U.S. prepared to sell $24 billion of seven-year notes. Ten-year notes dropped even after the Federal Reserve bought $7.5 billion of Treasuries yesterday, its first targeted purchases since the early 1960s. Government reports today will show the world’s largest economy shrank the most since 1980 in the fourth quarter and the pace of firings accelerated last week, surveys of economists showed. “Treasuries are adjusting to supply and a pick-up in risk appetite, which is likely to be temporary,” said Christoph Rieger, a fixed-income strategist at Dresdner Kleinwort in Frankfurt. “Our view still stands that by the middle of this year, we will be looking at significantly lower yields than right now. The worst is not over.” bloomberg.com