Seeking Alpha

The buyers who stampeded to buy 10-year Treasurys priced to yield 1.46% at July's auction are...

The buyers who stampeded to buy 10-year Treasurys priced to yield 1.46% at July's auction are absent today (at a 1.68% yield). Today's bid-to-cover ratio of 2.49 fell far below last month's 3.61, and direct bidders took down just 5.2% of the total vs. 45.4% in July, leaving the primary dealers to mop up the rest. TLT -0.5%.
Comments (6)
  • I can't imagine the logic of buying bankrupt American treasuries. Want to stop the stupidity in DC, stop giving them money.
    8 Aug 2012, 02:02 PM Reply Like
  • bot some tlt today at 125.86
    8 Aug 2012, 02:09 PM Reply Like
  • This used to be a boring market too..like currencies..but now all is in the casino...with changes this fast....just think how the accountants at the CBO are handling this......they are not..they canĀ“t-....
    8 Aug 2012, 02:52 PM Reply Like
  • Primary dealers have to bid.....I don't know if they have to buy?
    8 Aug 2012, 04:55 PM Reply Like
  • so the federal reserve is boycotting its own circle jerk party? the world does know the debt they are trying to heap on our backs is the same debt we will rebel against paying, and will not pay..right?
    8 Aug 2012, 10:43 PM Reply Like
  • I smell tulips.
    9 Aug 2012, 09:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)