Mises Wire
Author:
Michael Runge
Online Publish Date:
As reported today, foreign interest in US Treasuries are down. Bid to cover is down to 1.78 now. Treasuries Slip, Foreign Banks Shy Away Treasurys snap back on Fed view --> Auction Fizzles From the CBS Marketwatch story (the second one above): “Noncompetitive bidding was $54 million vs. $156 million a month ago.” Ouch. I think I see where this