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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (73047)	3/24/2010 1:15:11 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

As anticipated - Poor Auction, New 5-Year Tsy of $42.00 billion in five-year notes Yields 2.605% 1702 GMT [Dow Jones] Treasury's five-year note came in at a yield of 2.605%, compared with the 2.569% just before the 1 p.m. ET auction. Bid-to-cover ratio 2.55 vs 2.75 in Feb and 2.8 in Jan. The average is 2.74 from the past four auctions. Contact us in New York. Darlene Ross, darlene.ross@dowjones.com it is interesting that Portugal is downgraded to AA- at a time that the US has almost double the budget deficit as part of the GDP. To put things in perspective in absolute terms, - US budget deficit $1,750 billion Portugal around 15.6 billion But the speculators think the US is just fine - amazing EU is celebrating orders are rolling in as their products are 10 cheaper and part of this goes down to the bottom line