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Reply #14: How does this fit into the mix? [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

Beetwasher

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-05-03 02:56 PM
Response to Original message

14. How does this fit into the mix?

http://biz.yahoo.com/rb/030805/markets_bonds_5.html

Treasuries Widen Losses, Sale 'Dismal'

NEW YORK (Reuters) - Treasury prices widened already sharp losses on Tuesday after the Treasury's three-year note auction, the first in a three-part refunding, got a cold shoulder from buyers.
The auction of $24 billion in three-year notes drew bids for just 1.32 times the amount on offer, way below the 1.96 bid-to-cover ratio achieved at the last sale in May. The notes went at a high yield of 2.422 percent when they had been changing hands at around 2.36 percent in when-issued trading.

--snip--

Comments? :shrug:

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