Cato the Elder has a post at Too Conservative that is worth checking out, The Anatomy of an (Almost) Failed Treasury Auction.
Here is a Businessweek article for comparison, U.S. 30-Year Yields Climb Amid Lower-Than-Average Sale Demand.
Cato the Elder has a post at Too Conservative that is worth checking out, The Anatomy of an (Almost) Failed Treasury Auction.
Here is a Businessweek article for comparison, U.S. 30-Year Yields Climb Amid Lower-Than-Average Sale Demand.
I am more afraid of an army of one hundred sheep led by a lion than an army of one hundred lions led by a sheep. -- Charles Maurice de Talleyrand-Périgord