News, analysis and personal reflections on the markets & the financial sector

Monday, June 8, 2009

Bond markets

This week is an important week for the bond markets, and thus for the stock market.
US Bond auctions in the:
13 and 26 week is Monday
3 Year Treasury is Tuesday
10 Year Treasury is Wednesday
30 Year Treasury is Thursday.

ANY bad reception of these auctions will bode badly for the US stock market, and
likely cause our first week down since the market bottom in March.
Bad means lack of bidders and rates above the consensus.

More information on the US Bond auctions is available at this site:
http://online.wsj.com/mdc/public/page/2_3022-bondoffer.html?mod=mdc_h_bndhl

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