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: Instapundit.com

WELL, THIS IS BETTER NEWS THAN I EXPECTED: Treasuries Rally After Stronger-Than-Forecast 30-Year De?

By Glenn Reynolds

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WELL, THIS IS BETTER NEWS THAN I EXPECTED: Treasuries Rally After Stronger-Than-Forecast 30-Year Demand. “Treasuries surged after a $12 billion sale of 30-year bonds drew the strongest demand since November 2007, the last of three auctions this week that each attracted more investors than forecast. Thirty-year bonds rallied the most in almost six months as the debt drew a yield of 4.238 percent, the lowest level since March and below the 4.289 percent forecast in a Bloomberg News survey.” Sounds like it was better news than most people expected. Thanks to reader Sean Giefing for the link.


Full post as published by Instapundit.com on September 10, 2009 (boomark / email).

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