Wednesday, June 29, 2011

Horrible 5 Year Auction Sends Treasury Complex Into A Tailspin, 5 Year Yield Surges 22 Bps In Two Days

Submitted by Tyler Durden on 06/28/2011

Sounds bad, but rates are so low that any move looks big.  Let's see if that continues.  At any rate, as I said before, I wouldn't buy bonds at all.  That statement was made months ago.

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