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The Treasury sells $16B in 30-year bonds at 3.18%, the second straight month with over-3% yield....

The Treasury sells $16B in 30-year bonds at 3.18%, the second straight month with over-3% yield. Bid-to-cover ratio of 2.74, vs. a recent average of 2.63; indirect bidders take 36.4%, vs. a recent 35.3%. Direct bidders take 14.5%, vs. a recent 15.7%.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This whole description is a farce.Treasury sold nothing...no one "bought"...the Fed will own it all in two weeks...what market....its just a show now....I wonder how the participants feel when they do this....they have to feel a little cheezy
    14 Feb 2013, 01:07 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    The participants feel enriched...because they will take their cut of the process.
    14 Feb 2013, 01:24 PM Reply Like
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