Weak U.S. 5-year debt auction raises worries

http://www.reuters.com/article/marketsNews/idUSN2949944020090729

by stuffthatmatter • 17 years ago

37 22 17 years ago

reuters.com

I wonder which day will be the day the fat man eats a mint and blows up

stuffthatmatter7• 17 years ago

I wonder which day will be the day the fat man eats a mint and blows up

Tangurena• 17 years ago

This doesn't give much confidence that there will be sufficient funding for the huge deficit this year.

stuffthatmatter7• 17 years ago

The fed's just gonna have to print...and print...and print. hyperinflation here we come.

ars• 17 years ago

Let's not exaggerate. Inflation? Probably. Hyperinflation? No.

Flipparachi• 17 years ago

The Fed will buy the notes, as they have been doing for a while :)

EinhornIsFinkle2• 17 years ago

Ya think? Seems like they'll need to keep printing money further devaluing the dollar and/or raise rates to get foreign buyers interested. I think there has been a lot of attention as of late on the strength (weakness) of the dollar & wouldn't be surprised to see rates tick up after next FOMC meeting.

ctbarna• 17 years ago

What we should really be doing is getting the financial firms to buy them like they used to but the yield is much too low. In January 2000, for example, the 5 year yield was around 6.5% (http://www.ustreas.gov/offices/domestic-finance/debt-managem...). The rates have been cut and the yield is a little over a third of that. No wonder nobody wants them.

mynameishere• 17 years ago

Up .07 percent.

http://finance.yahoo.com/q?s=ief

EinhornIsFinkle2• 17 years ago

I hope everyone gets their mortgages under 5.5% because we're going to get to 7% faster than the baby bullet CalTrain.

donw• 17 years ago

So, we'll hit 6% and then stop for no apparent reason?

BrentRitterbeck• 17 years ago

I'm curious. How many people here are directly employed by the financial sector?

Weak U.S. 5-year debt auction raises worries

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