Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

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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