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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (28372)	1/12/2012 4:55:35 PM
From: Sam	Read Replies (1) \| Respond to of 222703

The 30 yr bond auction was very weak. The yield was as much as 5 bps above the when issued and the bid to cover of 2.31 was the lowest since Nov ’09 and well below the 12 month average of 2.64. The 30 yr yield is at a 6 month high and is dragging the 10 yr yield to the highest in 2 months. If I were the govt, I would sell as many 30 year bonds as I could below 3%. Hell, I would do it at 4%! That is a good deal. If the economy is strengthening, rates will go up, especially the 10 and 30 year bonds. No question about it.