Tag Archives: DROWNING IN DEBT

U.S. TREASURY SCHEDULES RECORD DEBT AUTION FOR NEXT WEEK…NOW THE QUESTION IS ,WILL ANYONE OTHER THAN THE FED BUY

NEW YORK, Oct 22 (Reuters) – The U.S. government on Thursday announced a record volume of $123 billion worth of bond auctions next week, but there was little reaction in financial markets even though the amount of supply came at the high end of analysts’ expectations.

The figure beats the previous record of $115 billion set in July and includes two-, five- and seven-year notes in tandem with an offering of previously issued five-year Treasury Inflation Protected Securities. Continue reading

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