MARKET DAILY

Market 05/29: Money supply increases again - Economic data continues to improve

Auction of 44 billion USD 7Y T-Note continues to fail due to reduced demand. Economic data from Fed Richmond improves. Updates on China and Japan economies.

44 Billion Dollar Bonds No One Buys - FED Prints Money After Recession Fears

Today's 7Y bond auction by the Treasury continues to show reduced demand as: average tail level + many investors demand higher yields + dealers have to participate more....

.... similar to the 2 auctions yesterday.

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