Wednesday, March 25, 2009

The $34 billion five-year

The $34 billion five-year Tsy notes to be auctioned at 1 p.m. EDT will entice demand as the pre-auction selling make yields more attractive and as the Fed is committed its bond buying program, traders say. "The market is down and they [the Fed] just took $7.5B securities out of the market so there should be decent interest," says Thomas Roth, head of U.S. government bond trading in New York at Dresdner Kleinwort Securities LLC.

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