BREAKING - U.S. sells 2-yr debt at highest yield since July!!!

0.31%



this is the end!!!1!

1:05pIndirect bidders buy 35.8% of 2-year auction

1:04pBidders offer $3.54 for each $1 in 2-year debt

1:03pBREAKING

Treasury sells 2-year notes at 0.31%

It's all a BIG Global Ponzi Scheme. They can't play this game for much longer!!!

Big deal. Nobody is buying the garbage and its still at rock bottom prices plus they are signing away federal land and properties as collateral. The economy is already smoked. Just waiting for the big gears to grind down. If you take a critical look at the numbers, optimism is simply not an option. The depression is absolute and guranteed.

zerohedge 2 Year Bond Auction Adds $35 Billion To Total Debt, US Debt To GDP Now At 101%
[link to twitter.com]

NEW YORK (MarketWatch) — Treasury prices declined Tuesday, pushing 10-year yields to their highest levels in more than two months as the euro zone’s long-delayed second bailout package to Greece won approval.

Still, analysts said the decline was limited because of concerns about the long-term viability of the plan, as well as the possible effects on other indebted European countries.

Bonds stayed down after the government’s auction of 2-year notes /quotes/zigman/4868354/delayed 2_YEAR +5.71% .

Yields on 10-year notes /quotes/zigman/4868283/delayed 10_YEAR +3.29% , which move inversely to prices, rose 7 basis points to 2.07%. The securities haven’t closed above 2.06% since early December. A basis point is one-hundredth of a percentage point.

Thirty-year yields /quotes/zigman/4868063/delayed 30_YEAR +2.03% increased 7 basis points to 3.21%.

Five-year yields /quotes/zigman/4868109/delayed 5_YEAR +6.08% added 6 basis points to 0.92%, their highest level on a closing basis in about two months.

“Treasurys were under pressure overnight on the Greek bailout, but admittedly the market is trading better on the news than we might otherwise have expected,” said David Ader and Ian Lyngen, bond strategists at CRT Capital Group.

For the longer term, they said, “the obvious risk is that Greece could still need additional bailouts or restructuring.”

In a marathon meeting Monday, finance ministers and other top European officials agreed to provide up to 130 billion euros ($171.9 billion) of extra financial aid to Greece.

Private-sector bondholders will take a haircut of more than 53% on around €200 billion worth of privately held Greek government debt, and Europe’s national central banks agreed to forgo any profits on their holdings of government bonds. Read more on Greece’s bailout deal. ...

[link to www.marketwatch.com]

Why would I want to pay for someone else's debt???????

Hi

Things are getting so bad, but the media is saying everything is fine. This is only the beginning. In five years we will live a total diffrent life.
Check this out..

Thread: This says it all. ECB in full controll..... PIN PLEASE

Thank's!!!

zerohedge 30 year Mortgage Rates resume rising: from 3.70% to 3.76% -Zillow

[link to twitter.com]

Well, come on.


Its obvoius to everyone that this would happen.


The best part is, is that we are now going down the Greek Road.


And just like Greece has been doing, we will continue to do. The only difference is that we have the World Reserve Currency, and once the ME is done with us, as Iran is, we can kiss the dollars value goodbye.


We're not to far away.

Last Edited by OMNI-TARD on 02/21/2012 03:10 PM

If interest can only go up clearly bond prices must fall due to their relation ship... Just wait a little the market is just over saturated.


Meanwhile stfu if you don't know what your talking about


Kkthxby

They'll end up buying it back themselves... just like the last time, was it 600B?

They need to get back to 4-5% or better.

These less-than-inflation interest rates are NOT GOOD long term.

what does it mean by highest yeild?

are they trying to make it look appealing and get buyers?

are they having trouble finding buyers so they do this?

negative interest rates = money saver gets by Ben. and so long the interest rates are negative gold & silver will go up.

Default here we come!

We are borrowing money to pay for shit we don't need nor do we want. These people are insane.

Only fools would buy bonds from any country. The smart money is going into PMs and land and other hard assets.

Goodbye Constitutional Republic, hello Greece with our own Mugabe!

Nice.

Haffa pay welfare else the kneegrows gonna burn da cities.

High yield means low prices. If a bond is seen as strong you have to pay 97 cents for a dollar return, give or take, or even more, for "security".
Highest yield means fewer people have confidence in the government's ability to pay back the loan (the bond).

Smart people get confused, so don't fret...
Look up inverted yield curve and you will get a good schoolin'.

Greek bonds have a huge return (OVER 500 percent) because people demand a lot of interest from a suspected deadbeat.

Peace and Faith

Last Edited by Jump Room 2012 on 02/21/2012 06:07 PM

^ Wisdom ^

what does this mean when we print $$$ to buy our debt?

it means we are toast..as in burnt toast

gov. says....don't worry, we are fine all is good
we found a buyer for our bonds..

basicaly it means if i was a co. like Best Buy

I report to my shareholders...all is well we had record sales!! when truthfully it was Best Buy who bought their own products. move a-long sheep

this is SERIOUS READ THIS STORY FROM A PROFESSIONAL BOND TRADER

[link to economicedge.blogspot.com]