Fleursdumal
फूल की बुराई
riguardo l'asta americana di oggi
Note Auction
The central bank’s policy setting Federal Open Market Committee ends a two-day meeting when it announces its next decision on interest-rates tomorrow.
Today’s two-year note sale was the second of four auctions this week totaling a record $129 billion. The U.S. sold $11 billion of five-year inflation-protected notes yesterday and is scheduled to auction $42 billion of five-year securities tomorrow and $32 billion in seven-year debt the following day.
“We are sort of in no man’s land at this point with the auctions, the FOMC meeting and a rash of economic data coming,” said David Brownlee, head of fixed income at Sentinel Asset Management in Montpelier, Vermont, which manages $22 billion. “The market may be a ahead of itself with the recent rally.”
Indirect bidders, the category of investors that includes foreign central banks, purchased 31 percent of the notes, versus the 10-sale average of 45.2 percent.
Futures on the CME Group Inc. exchange showed a 57 percent chance the Fed will raise its target rate by at least a quarter point by year-end, compared with 65 percent a week ago.
Note Auction
The central bank’s policy setting Federal Open Market Committee ends a two-day meeting when it announces its next decision on interest-rates tomorrow.
Today’s two-year note sale was the second of four auctions this week totaling a record $129 billion. The U.S. sold $11 billion of five-year inflation-protected notes yesterday and is scheduled to auction $42 billion of five-year securities tomorrow and $32 billion in seven-year debt the following day.
“We are sort of in no man’s land at this point with the auctions, the FOMC meeting and a rash of economic data coming,” said David Brownlee, head of fixed income at Sentinel Asset Management in Montpelier, Vermont, which manages $22 billion. “The market may be a ahead of itself with the recent rally.”
Indirect bidders, the category of investors that includes foreign central banks, purchased 31 percent of the notes, versus the 10-sale average of 45.2 percent.
Futures on the CME Group Inc. exchange showed a 57 percent chance the Fed will raise its target rate by at least a quarter point by year-end, compared with 65 percent a week ago.