Monday, September 27, 2010


Not so much, really...
Treasurys Gain; 2-Year Notes Auctioned At Record-Low Yield
SEPTEMBER 27, 2010, 4:18 P.M. ET
By Deborah Lynn Blumberg

NEW YORK (Dow Jones)--The U.S. sold $36 billion in two-year notes at a record-low yield of 0.441% Monday, and Treasurys rallied as investors continued to fret about the health of the global economy and stocked up on low-risk assets.

Two-year notes were sold well below the 0.498% from the August auction, and the sale marked the fifth consecutive month that new two-years have been offered at a record-low yield. That is good news for the U.S. government as it continues to borrow at historically low interest rates to fund a budget deficit that is more than $1 trillion.

No comments: