USTs auctions in today and tomorrow show a crack in US banks that will result in another selloff in SP500 and DOW. IMO
Indirect bidders, major banks, were awarded 62.8%
Direct bidders, money market funds bought 9.4%
Note: US money managers bought a record 42% of USTs auction in 2015.
So there's a lack of demands even though it's only the start of 2016
I believe China has dumped more USTs to support its Yuan selloff lately. US major are liable to those transactions for the Fed. Yields must rise and the banks leverage in USTs should be high enough.
So why did the major banks just bought massive amounts. I believe there's something unusual in their next reports.
http://www.cnbc.com/2016/01/12/us-bonds-watch-oil-three-year-note-auction.html
http://www.bloomberg.com/news/artic...m-u-s-bonds-prompts-shrugs-where-fear-reigned
TRY is the top 5 likely to be acquired by others in the comming M&A wave.
Figure 1. History of 100 randomly selected ASX-listed junior companies (June 2004 versus June 2014).
https://www.ausimmbulletin.com/opin...l-performance-of-australian-junior-explorers/
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USTs auctions in today and tomorrow show a crack in US banks...
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