squark62

The Treasury expects to borrow $276B in the fourth quarter - $209B lower than it estimated in August. The number compares to $393B borrowed in the third quarter, and an expected $478B for the first quarter of 2010. Today, Treasurys are moving lower: the 30-year yield now +0.04 to 4.27%; 10-year +0.04 to 3.42%; 5-year +0.02 to 2.33%; 2-year +0.02 to 0.92%.

$478B in Q1-2010? yikes!!! must be expecting the dollar to devalue even more?