All Eyes On The Treasury Auctions
An auction of 5 year treasury notes on Tuesday and one of 7 year notes today appear to be driving the market. Everybody is focused on the federal deficit, China’s appetite for our debt and what this means for inflation and interest rates.
Great article in today’s NY Post by John Crudele on government bonds: “Bonds Falling Rapidly With No End In Sight”, John Crudele, NY Post, May 28