Tuesday, August 11, 2009

Bond Pressure

The last big auction was a big success, driven by TARP banks' willingness to play nice and purchase a bunch of Treasury debt at underperforming yields. But it looks like the market is speaking again:

http://www.ft.com/cms/s/0/6f48312a-85cd-11de-98de-00144feabdc0.html

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