I see you can't read an economist. They set the rates they sell at. That is the prerogative of governments selling governmental issues, Todd. They have delayed, deferred, and reduced sales before based on preliminary indicates they wouldn't get sales at their price. Quick, somebody notify the Treasury. They've been doing it all wrong. They've been holding auctions.....which is a silly thing to do when Paul Ross knows that the Federal Reserve sets the rates on Treasury securities.
How Treasury Auctions Work
Paul, shown to be a fool, again.
Wrong. Those auctions, which I have explained to you over and over again, are just like regular auctions where there is an
asking price. The Treasury is doing it right. That is why they delayed, deferred, and reduced sales before hand after publishing a proposed sale. They optimize their odds of getting that price. And it is tantamount to a set price.
Too bad, Todd. It looks like you have been shown to be the fool, yet again. You just can't stand be confounded, and your prejudices debunked.