2009-05-22marketoracle.co.uk

``Dealers wanted out of $46 billion in Treasuries, versus $23 billion in the last auction, and the same $7 billion bid from the Fed wasn’t cutting it. Having already bought $100 billion of its promised $300 billion it looks like the Fed is going to have to keep stepping up to the plate in increasing size at each auction to keep rates at bay.''



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