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| User Info | US 5yr Bond Auction Effectively FAILS in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1267-U....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-07-29 22:55:27
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Etrade_refugee Posts: 4965 Incept: 2007-11-14 
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When was the last sub 2.0 print? I cannot find it . . . where should I look?
2009-07-29 22:59:07
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Jlk Posts: 1234 Incept: 2009-05-24
Philadelphia
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The next two days will be interesting, Timmy must be on the phone tonight.
2009-07-29 23:06:32
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Sharpe Posts: 533 Incept: 2007-08-11 
Meeahmee
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 Keep the heat on 'em, KD!
2009-07-29 23:07:13
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100percentprole Posts: 27 Incept: 2009-07-01
San Jose, California
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The last data I saw showed that they will probably average $100bn per WEEK in new issuance for several months. They'll have to monetize it. They'll just have to at this point.
2009-07-29 23:08:14
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Jlk Posts: 1234 Incept: 2009-05-24
Philadelphia
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"100percentprole" wrote..They'll have to monetize it. They'll just have to at this point. Or tank the stock market hard to herd the sheep into Treasuries.
2009-07-29 23:10:42
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Centurion Posts: 76 Incept: 2009-05-14 DFW
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Not sure when the last time was but google [ treasury bond market bid to cover +under 2 ] and it references the tickerforum from earlier today. Spooky. ---------- - If you're not being shot at, it's not a high stress job. - The right to self-defence is THE basic human right. - No, I don't know everything .... I'm just REALLY good with Google. - Trying not to be a tinfoil guy. But can you really blame me after the actions of Fed & Treas?
2009-07-29 23:11:01
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Azbob Posts: 347 Incept: 2007-07-27
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China headed down again tonight!
2009-07-29 23:11:26
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Coolhandluke Posts: 5637 Incept: 2007-12-19
Out of the box
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At what point do the primary dealers start buying government bonds with IOUs?
---------- It's not that I'm lazy, I just don't give a **** anymore.
2009-07-29 23:15:29
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Etrade_refugee Posts: 4965 Incept: 2007-11-14
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Eh, my google-fu must be rusty. Not finding it. First two hits are this thread, though.
2009-07-29 23:16:07
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Future_shock Posts: 1143 Incept: 2007-10-16
Texas
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That's right $100 billion a week until Sept 30th fiscal year is over. We're only a bit over halfway there. And all of those projections are based on "green shoots" We're gonna need more money.
2009-07-29 23:16:23
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Boshaugh Posts: 1886 Incept: 2008-08-08
Northern Virginia/DC Metro Area Online
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two questions 1) when was the last fail like this 2) would the recent change in the indirect/direct formula have made this better or worse?
2009-07-29 23:17:05
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100percentprole Posts: 27 Incept: 2009-07-01
San Jose, California
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Azbob wrote..China headed down again tonight!Would China tank their own market to prop up their UST holdings? Er...I wouldn't put it past them.
2009-07-29 23:20:24
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Raingod Posts: 1067 Incept: 2008-08-29
Tastes Like Chicken
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Is it the crapocalypse?? Is it the crapocalypse?!?! (Phonebook . . . where'd I put my phonebook. . . .) ---------- I have even intermittenter access than I did over the summer. No idea when I can check in.
2009-07-29 23:24:26
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Countlupotommaso Posts: 1075 Incept: 2007-10-22
New Jersey
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what time to the results come out tomm for the 7 year?
---------- PINK FLOYD-SHEEP-.Meek and obedient you follow the leader Down well trodden corridors into the valley of steel.What a surprize!A look of terminal shock in your eyes. Now things are really what they seem.No this is not a bad dream
2009-07-29 23:28:19
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Statusquojoe Posts: 2397 Incept: 2008-11-20
Land of the fees Home of the slaves.
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Is there a way to know about the success of the Inflation Protected Securities that were also auctioned off? Doesn't Gresham's law state that good money drives out bad? ---------- "In short, you are the definition of moral hazard." Senator Bunning to Bernanke
2009-07-29 23:31:13
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali Online
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Quote:That's right $100 billion a week until Sept 30th fiscal year is over. We're only a bit over halfway there. And all of those projections are based on "green shoots" We're gonna need more money. imo this relentless avalanche of treasury supply will suffocate what's left of the economy. ---------- my miniblog; http://economicpsychosis.blogspot.com/
2009-07-29 23:31:40
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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Yes, Eternal, I agree. I know a businessman with a positive cash flow that NEEDS to expand and wants to buy a second building but can't find a fixed rate loan for the amount he needs.
---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-07-29 23:35:54
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Goldmansux Posts: 18 Incept: 2009-06-05
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Great piece Karl!
---------- I came, I saw, I looted.
2009-07-29 23:36:52
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Curbyourrisk Posts: 1891 Incept: 2008-08-19 Long Island, New York
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Quote:Would China tank their own market to prop up their UST holdings? Er...I wouldn't put it past them. I pointed this out on 2 separate threads today. More auction tomorrow...let's see where China goes today! ---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. Why is Franklin Raines a free man? "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009  Last modified:
2009-07-30 00:01:58 by curbyourrisk
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Countlupotommaso Posts: 1075 Incept: 2007-10-22
New Jersey
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If someone is afraid to lend you money for 5 years, who in their right ****ing mind will lend to you for 7 years. I agree this will fail tomm just like it did today. Good ticker Gen
---------- PINK FLOYD-SHEEP-.Meek and obedient you follow the leader Down well trodden corridors into the valley of steel.What a surprize!A look of terminal shock in your eyes. Now things are really what they seem.No this is not a bad dream
2009-07-29 23:46:47
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Rbarreira Posts: 1431 Incept: 2009-05-27 Sweden Online
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China's US dollar reserves are $2 trillion... In one week, the treasury is selling 10% of that in debt. No wonder China doesn't gob it all up.
2009-07-29 23:48:32
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Ilikecoffee Posts: 1019 Incept: 2008-04-17
cold , AK
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Isn't China sort of like COF on a International level. They have a bunch of money lent out to an overextended deadbeat without job(S). That doesn't help your balance sheet, does it?
---------- You can trust the government, ask any American Indian. "When people lose everything and they have nothing left to lose, they lose it" Gerald Celente
2009-07-29 23:52:53
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Chicagopwj Posts: 683 Incept: 2009-02-23
Chicago
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Looked on the treasury site for their auction results, was connected to their FTP and their index txt sheet was blank! Only thing that I can guess is December of 2008 would be our nearest point of something failing like that.
---------- How long can .gov prop the markets? My guess is not indefinitely.
2009-07-29 23:55:00
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Goldie Posts: 244 Incept: 2008-08-02
North Carolina
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From what I found from this article the last bid to cover less than 2.0 was march 2004.. Click link to see the whole article.. http://www.safehaven.ca/article-2336.htm Diabolical Debtor's Delusions by R. Kirby / G. Bullock US Treasury 10 Year Auctions In 2004 [Amounts in billions] Date Amt. High Yld. For Bids Ten For % Total Bids B to C Feb.12/04 16 B 4.06% 7.5 B 23.55 31.85 B 2.00 Mar.11/04 11 B 3.75% 2.4 B 12.1 19.85 B 1.81 May13/04 15 B 4.85% 10.7 B 25.8 41.51 B 2.78 Jun.10/04 10 B 4.83% 3.92 B 13.41 29.24 B 2.93 Aug.12/04 14 B 4.27% 10.77 B 26.43 40.75 B 2.9 Sep.9/04 9B 4.195% 0 0 19.02 B 2.12 Nov.10/04 14 B 4.28% 5.58 B 19.55 28.54 B 2.05 Dear Reader, this is a summary of all US government 10 year auctions so far this year. For your reading enjoyment I have included the date of auction, amount auctioned, high yield accepted, aggregate foreign bids tendered, foreign percentage of total bids tendered, total bids tendered as well as bid to cover ratio . Now I would like to draw your attention to the 10 year auction of September 9, 2004. As one can see, Dear Reader, someone apparently forgot to invite the foreigners to the debt bash on this particular date - or they simply forgot to show up? The day these bonds were auctioned, these 10-year bonds were trading in the when issued [wi] market at markedly lower rates than 4.195%. In fact, those very bonds were trading much closer to 4.10% the morning of the auction. It would appear to me, that 4.10 % did not seem very attractive to the kindness of strangers who finance our lifestyles and buy our debt - it appears that they voted with their check books and their money - and stayed home! We wonder if these blokes have been reading too much Catherine Austin Fitts? In fact, in bond circles, this auction was referred to as a complete disaster. I would suggest to anyone who wants to listen that this was a "shot over the bow" by the kind foreigners from Europe and Eastern Asia. ---------- Total destruction the only solution ~Real Situation by Bob Marley
2009-07-29 23:55:01
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