Silver as an investment

Category Archives: Bidding

Primary Dealer Bid Surges In Poor 2Y Auction

While the high yield of the just priced 2Y auction came “on the screws” at 1.345%, below last month’s 1.401%, but above the six previous auction average of 1.305%. and exactly where the When Issued suggested today’s auction of $26 billion in 2Y notes would price, the internals were decidedly weaker than the stop out […]

3-Month Treasury-Bill Auction Prices At Highest Yield Since Lehman On Debt-Ceiling Concerns

It seems Morgan Stanely was right when they said "the debt ceiling worries us most," as today's 3-month T-Bill auction surprised the market with its highest yield since the fall of 2008, as investors continue to price concerns that the U.S. government will exhaust its borrowing authority around mid-October. As SMRA details: The 3-month bill […]

SNAP Surges Above $40 Billion – Bigger Than Ebay Or Sony

Desperate buyers  – fearful of missing out on the next Facebook – are panic-bidding Snap’s stock price this morning. Up 17% to $29 the cash-losing company is now worth almost $41 billion – more than Ebay or Sony… We wil have to wait for Monday/Tuesday for the shorts to appear (T+3)…   The question seems […]