Thursday, June 11, 2009

BREAKING - Treasury auction better than expected

AlphaNinja - The 30-year treasury auction was better-received than I'd expected. The yield demanded by investors was fully 10 basis points lower than expected. And yes, the market moved instantly higher on the news.

from briefing.com:

30-year bond auction results: High Yield 4.720% (expectations were around 4.8%); Bid/Cover 2.68x; Indirect Bidders 49%
The bid/cover measures the demand for the debt being issued. All the bids (competitive/noncompetitive) divided by the amount accepted... The indirect bidders figure is indicative of foreign participation in the auction for U.S. debt.


DJIA:

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