As the 30 years are now sold yesterday, completing the 3 year on Tue / 10 year on Wed and 30 year yesterday.

Markets should now be "allowed" to resume normal service........ no more scare stories needed to be spread around.

;)


http://www.bloomberg.com/news/2011-08-11/treasury-bond-auctions-save-u-s-government-647-million-after-downgrade.html

Treasury Bond Auctions Save U.S. $647 Million

By Daniel Kruger - Aug 12, 2011 2:33 AM GMT+0700

The U.S. auctioned $72 billion of notes and bonds this week at the lowest average yield for a refunding on record, saving taxpayers $647 million in interest payments during the life of the securities less than a week after Standard & Poors removed the nations AAA rating.

The Treasury Department paid an average yield of 2.13 percent on the three-, 10- and 30-year securities, less than the previous refunding auctions in May of 3 percent and below the former record of 2.59 percent in February 2009, according to data compiled by Bloomberg. The government began selling 30-year bonds on a regular schedule in 1977 as part of its so-called quarterly refunding.

Results of this weeks auctions show investors are repudiating S&Ps decision to lower its assessment of the U.S.s creditworthiness to AA+, and are instead scooping up the debt on signs the economy and inflation are slowing and the near-zero chance the government will default. Moodys Investors Service and Fitch Ratings have affirmed their AAA grades.

The collective investment community made their statement, said Kevin Flanagan, a Purchase, a New York-based fixed-income strategist for Morgan Stanley Smith Barney. That underscores what global investors think about the S&P action and what they feel is still the investment of choice in times of duress, and thats U.S. Treasuries.

Demand Level

Demand for Treasuries is running at a level almost matching the record set last year when the government sold $2.249 trillion of notes and bonds, the most ever. Investors bid for 2.98 times the $1.317 trillion of securities sold in 2011, compar................

Good morning traders!

In the US last night, the Dow soared 423 points to 11,143, the Nasdaq jumped 112 points
at 2,493 and the S&P500 rose 52 points at 1,173.

In Asia today, the Nikkei was recently down 27 points at 8,955, while the Hang Seng ended
the morning ahead 217 points at 19,812.

WTI crude oil traded at $84.99 a barrel and gold settled at $1,762 an ounce.

Happy Friday!

G.