Comments on: 10 year note auction weak http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:00:11 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: FT.com | Money Supply | Economic news headlines http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/comment-page-1/#comment-240810 FT.com | Money Supply | Economic news headlines Thu, 10 Dec 2009 13:18:05 +0000 http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/#comment-240810 [...] Weak demand for 10-year US treasury auction – Big Picture [...] [...] Weak demand for 10-year US treasury auction – Big Picture [...]

]]> By: rleberenz http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/comment-page-1/#comment-240776 rleberenz Thu, 10 Dec 2009 05:27:34 +0000 http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/#comment-240776 So far the moves in all assets, even Treasuries, have been a result of a dollar strengthening but this auction was a sign that money isn't going to be coming straight out of equities and into bonds, treasury backed or not. The Fed ended it's policy to buy up long term debt from the Treasury, so this extra spending proposed by the Dems and the price tage on Health Care reform, which will prob get forced through, will not be ignored by investors planning to get into bed with Uncle Sam for the next 10 to 30 years. So far the moves in all assets, even Treasuries, have been a result of a dollar strengthening but this auction was a sign that money isn’t going to be coming straight out of equities and into bonds, treasury backed or not.

The Fed ended it’s policy to buy up long term debt from the Treasury, so this extra spending proposed by the Dems and the price tage on Health Care reform, which will prob get forced through, will not be ignored by investors planning to get into bed with Uncle Sam for the next 10 to 30 years.

]]> By: Simon http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/comment-page-1/#comment-240770 Simon Thu, 10 Dec 2009 05:03:54 +0000 http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/#comment-240770 If Richard Koo (Japan Finance Minister) is to be believed increased domestic savings will more than cover Government deficit requirements. It is just up to the Government to fill the GDP gap left by the savers to prevent a tailspin into a deflationary depression. Of course if the whole world is on the verge of a deflationary depression things might get a little tricky. I mean things do not appear to be panning out all that well for the Japanese in as much as that even though corporate balance sheets have been substancialy repaired the government's sheet is now horrendous. In addition it is possible that hoped for increased tax revenues from now a now well capitalized private sector will not eventuate because the great western consumer is no longer buying. All I see is a race to the bottom for fiat currency. At least I think I know what I'm talking about...maybe. If Richard Koo (Japan Finance Minister) is to be believed increased domestic savings will more than cover Government deficit requirements. It is just up to the Government to fill the GDP gap left by the savers to prevent a tailspin into a deflationary depression. Of course if the whole world is on the verge of a deflationary depression things might get a little tricky. I mean things do not appear to be panning out all that well for the Japanese in as much as that even though corporate balance sheets have been substancialy repaired the government’s sheet is now horrendous. In addition it is possible that hoped for increased tax revenues from now a now well capitalized private sector will not eventuate because the great western consumer is no longer buying.

All I see is a race to the bottom for fiat currency.

At least I think I know what I’m talking about…maybe.

]]> By: Pat G. http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/comment-page-1/#comment-240739 Pat G. Thu, 10 Dec 2009 01:09:34 +0000 http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/#comment-240739 Soon, everything will be five years or less. Constantly rolling that over ought to be fun.. Note to Obama: The world is getting tired of financing our lifestyle. Soon, everything will be five years or less. Constantly rolling that over ought to be fun.. Note to Obama: The world is getting tired of financing our lifestyle.

]]> By: davossherman@gmail.com http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/comment-page-1/#comment-240647 davossherman@gmail.com Wed, 09 Dec 2009 20:16:53 +0000 http://www.ritholtz.com/blog/2009/12/10-year-note-auction-weak/#comment-240647 The foreigners just flipped Timmy and soon to be Jamie D. Lucifer the middle finger. Who can blame them. Borrow 10 billion today at 3.x % and get 10 billion back when it is worth 10 cents in USD denominated paper that is nothing more than Ben's QE-art. The foreigners just flipped Timmy and soon to be Jamie D. Lucifer the middle finger. Who can blame them. Borrow 10 billion today at 3.x % and get 10 billion back when it is worth 10 cents in USD denominated paper that is nothing more than Ben’s QE-art.

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