9
February
Long-term investors shun Treasuries sale
9 February 2011 The Financial Times
US Treasury yields rose sharply on Tuesday, extending their run of losses for seven straight sessions, after a substantial drop in demand from long-term investors for the sale of new three-year paper.
Treasury dealers were left holding 62.3 per cent of the $32bn three-year sale, their highest stake since January 2009, as investors, including foreign central banks, backed away from buying.
http://www.ft.com/cms/s/0/a3750484-33bc-11e0-b1ed-00144feabdc0.html
