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Bond auction change?


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Bond auction change?

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LightWeight's Avatar
 LightWeight 
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Is it just me, or does it look like the 10 and 30 year bond auctions are being merged into the same day next month?

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Up to and including this month, 10 year bond auctions have been on Wednesday, and 30 year bond auctions the following day, both at 10 AM PST. But looking at June and beyond, it appears they're merging them into the same day and time. I tried to Google a comment about it or explanation, but as usual I find nothing.

That seems kind of stupid, because the bonds aren't always adjusted the same direction or with the same demand, but historically one affects the other on auction days. So it sounds like now they're just creating confusion in the market by auctioning them simultaneously. Or am I missing something obvious here?

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 addchild 
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https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/documents/auctions.pdf

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LightWeight's Avatar
 LightWeight 
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Oh sweet, I didn't even know that was out there, I'm going to print it and stick it up on my wall now. I guess FF must have their dates screwed up.

Thanks!

Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?
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Last Updated on May 8, 2013


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