Lucky Coincidence?

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ebear

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Lucky Coincidence?

posted on Aug 05, 2011 04:22PM

http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/A_20110803_3.pdf

http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/A_20110803_1.pdf

24B in 10Y notes to be auctioned Aug. 10th.

16B in 30Y bonds to be auctioned Aug. 11th.

Now take a look at $UST10Y and $ UST30Y on Stockcharts.com and tell me what you see. That's right.... a 50 BP drop in the last two weeks.

Not too bad if you're aiming to roll 40B of new paper into the market.

Of course it could just be a lucky coincidence. Wish I had that kind of luck...LOL!