u.s. tbonds, page-31

Herc

I read an article, I think it was on Bloomberg. The last auction of U.S. TBonds was undersubscribed the most in the last ten years, yet the TBonds were bought and the Yield when down accordingly. I surmised that if it was way undersubscribed then the FED would have been the one to buy more. As a side note, I don't believe the QE has been tapered at all. I think they are just being loose with the figures.

Just my opinion of course and if you have any proof they didn't apart from them stating less QE then Id like to see it if you could post it.

Cheers A4O