“The bond got to a point on the curve where the market was able to digest the supply,” said Richard Bryant, senior vice president in fixed income in New York at MF Global Inc., a broker of exchange-traded futures. “It underscores the fact that market participants continue to see value in Treasuries at these yield levels.” [1] I have no idea whether Bryant meant that the yield was "low enough" or "high enough", although the maturity of the paper might be in there somewhere. In any case, when the phase of the Moon is right and Jupiter is aligned with…
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