Monday, April 5th, 2010
Unsustainable
As for the Treasury Department, they’ll be selling a whopping $165 billion in debt this week including some $82 billion in long-dated issues - $40 billion 3-year notes, $21 billion in 10-year notes, $13 billion in 30-year bonds, and $8 billion in 10-year TIPS. This has become almost a routine, every-other-week affair that could see its first big headwind in the days ahead if yields keep rising.
Please leave a Comment