Short-term Treasurys fall after 5-year auction

AP/YahooNews ^ | 7/29/09 | SARA LEPRO

[Kartographer]

Short-term Treasury prices fell Wednesday, sending their yields higher, after a disappointing auction of $39 billion in five-year notes.

The auction's bid-to-cover ratio, a measure of demand, dropped to 1.92 percent from 2.58 percent at an auction of five-year notes in June. Indirect bids, an indication of foreign buying, tumbled to 37 percent of the total bids accepted, compared with 63 percent in June.

[dirtymac]

No! He is not clueless. This is exactly what he wants for America. It was clear as to who he was and what he really believed in long before he became a candidate. All anyone wanted to do was look at his current rhetoric believe in hope and change. Well, I hope we have at least pocket change left when he gets finished.

[screaminsunshine]

ROLL THE PRESSES FULL SPEED AHEAD AND DAMN THE ICEBURGS> WE ARE UNSINKABLE!!!

[TSgt]

WILL BUY YOU

[FromLori]

http://www.gold-eagle.com/editorials_08/souleles072709.html http://www.gold-eagle.com/editorials_08/willie071609.html http://www.freedomsphoenix.com/News/054296-2009-07-29-economic-collapse-to-trigger-social-pandemonium.htm .

[thecabal]

Quick! Dispatch Turbo Tax Timmy to grovel at the feet of the ChiComs again!

[Mama Shawna]

Ain’t that the truth! For anyone willing to LISTEN to what he was SAYING, not just the WAY he said it, and also take a good look at his associates. I got so frustrated with my lib friends last year talking about how ‘inspiring’ his speeches were. Freakin’ IDIOTS!

[Abathar]

China told The One and Geithner that they were not pleased with the way things were being handled.

This was not unexpected at all.

[BP2]

Think about it...

Based upon what you’ve seen in the last 6 months, if you were an international investor, would you buy notes from the US?

30 year notes — maybe
5 year notes — uh, no thanks

[ding_dong_daddy_from_dumas]

And he had the nerve to complain about the deficit he inherited. BUT NO MENTION OF HOW HE DOUBLED IT IN ONLY 6 MONTHS!

I don't hold GWB blameless, but:

BO blames Bush for the +700B TARP deficit, but not only did BO vote for it -- BO was one of the main TARP cheerleaders!

Also, BO was part of the filibuster that stopped regulation of Fannie and Freddie.