Jesse's Café Américain

"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870

Showing posts with label Treasury auctions. Show all posts
Showing posts with label Treasury auctions. Show all posts
10 March 2010

And Here Come Those Treasury Auctions

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The US equity markets are holding on to the rumour-inspired gains from yesterday, as commodities are hit and the longer end of the bonds slu...
10 February 2010

Primary Dealer Banks Want Their Treasury Sales Franchise Protected

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Direct bidding means bypassing the 'percentage' that the dealer banks take. The banks hate it. It not only dents their vigorish, but...
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