Bond Expert: Wednesday Outlook

24/06/2009 § Leave a comment

 

The Treasury will auction $36 billion 5 year notes at 100PM. Bidding will be cautious as one is buying the bonds in advance of the FOMC announcement and there will be little time to exit positions with grace.

Look to the FED having to buy a substantial amount of these bonds. The Chinese are onto their game.

Bond Expert: Wednesday Outlook — Seeking Alpha

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