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Investors gobble up 30-year bonds

Posted Jun 12th 2009 9:00AM by Connie Madon (RSS feed)
Filed under: Good news, Market Matters

There was a growing concern that Thursday's 30-year bond auction would not do well. Well, we had a big surprise. Investors gobbled them like there was no tomorrow.

First of all, the bid-to-cover ratio (which measures the bids offered against the actual bonds for sale) was 2.68. The previous three auctions had an average bid to cover of 2.39.

Continue reading Investors gobble up 30-year bonds

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