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Reply #17: Lemonade being made over at Reuters also [View All]

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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-10-03 01:46 PM
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17. Lemonade being made over at Reuters also
Their headline says US Treasuries firm, dealers take much of auction

But what happened was we were only able to sell 25% of the five-year notes to foreign banks, down from the dismal 32% of the last auction. So, of the $16 billion, we are left with about $12 billion to pawn off on US buyers.

Tomorrow we will be auctioning off $13 billion in 10 year notes. Wonder if either China or Japan will be in a buying frame of mind.
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