Monday, August 10, 2009

Treasury Record Size Auction This Week

There's a record $75 billion in debt sales coming by the Treasury this week.

Most interesting, $23 billion in 10-year notes are scheduled to be auctioned on Wednesday--one hour before the Fed puts out its policy statement.

Who the hell wants to be caught holding new paper an hour before a Fed policy statement release? This should be interesting.

No comments:

Post a Comment