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32 Billion Auction In US Treasury Bonds Today

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junior e's Avatar
United States
931 Posts
 Posted 08/09/2011  09:07 am Show Profile   Bookmark this topic Add junior e to your friends list Get a Link to this Message Number of Subscribers
Today could be a tell in the confidence of Treasuries as this is the first auction of Treasuries since the S&P downgrade. My guess is that China stays home making those little drink umbrellas and The Fed instructs the Treasury to run off a quick $64 billion $'s. Why not run off a few extra while the presses are all inked up and running smoothly.
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mycrob's Avatar
United States
2602 Posts
 Posted 08/09/2011  10:17 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
My opinion is that while the US credit has been downgraded, AA+ is still a very strong credit rating and US Treasuries are still one of the safest bets out there.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/09/2011  2:04 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Those always make me think about Steve Martin in "The Jerk", with that umbrella dispenser by his pool for his martini's....
Edited by Silverhawk74
08/09/2011 2:04 pm
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/09/2011  5:01 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
My opinion is that while the US credit has been downgraded, AA+ is still a very strong credit rating and US Treasuries are still one of the safest bets out there.

That's true but, man... you need a LOT of them to make any amount of money. A guy could starve on the meager interest rates these things pay. Personally, I would much rather own blue chip dividend-paying stocks than US Treasuries. They may not be as "safe" as Treasuries but they sure do pay better.
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