A Small Canary Just Died
from Clusterstock by Vincent Fernando
http://www.businessinsider.com/7-year-auction-2009-10



Selling U.S. debt was a bit harder than expected today.

Today's treasury auction came in a bit below expectations, with the 7-year yield hitting 3.14% after initial expectations of 3.11%.

The bid to ask, which is the total value tendered over the total accepted, as shown below, came to 2.65. This was lower than the average of the last four auctions.

R_20091029_1


See Also:

* The Fed's Massive Market Support Ends Today
http://www.businessinsider.com/the-feds-ma...s-today-2009-10

* Will The Fed's Response To Better Economic News Crush The Stock Market?
http://www.businessinsider.com/will-the-fe...-market-2009-10

* Bill Gross: Bonds Will Get Slammed Once The Fed Stops Propping The Market
http://www.businessinsider.com/bill-gross-...rection-2009-10