US Dollar Collapse Update: Treasury Sale See’s Lowest Demand Since 2009, 23 Countries Begin Setting Up Swap Lines To Bypass Dollar, China Imports Another 131 Tonnes In October
November 29th, 2013
10Yr Benchmark going vertical again…
Treasury prices extended a drop Wednesday after a disappointing 7-year note auction showed the weakest demand for such a sale since 2009.
The benchmark 10-year note 10_YEAR +2.06% yield, which rises as prices fall, rose 5.5 basis points on the day to 2.766%. The 30-year bond 30_YEAR +0.92% yield rose 3 basis points to 3.833% and the 5-year note 5_YEAR +5.70% yield rose 4.5 basis points to 1.390%.