A bid to cover of 2.36 is god awful. Anything below a 2.0 BTC is considered to be a failed auction. We came real damn close to seeing one yesterday. The 28% participation by the indirect bidders (FCB’s) was also not a good sign. The world’s appetite for our debt continues to deteriorate. CNBC’s Rick Santelli gave this auction a big fat “F”. So what does this tell us? The bond market is more worried about inflation versus deflation. Gold was up strong yesterday which confirmed yesterday’s inflationary sentiment following the tepid demand for Thursday afternoon’s 30 year auction.
Is the Bond Market Screaming Inflation?
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging