Jul
31
Uncowed Treasury Buyers Can’t Get Enough Even as Fed Hike Looms
ByDemand was strongest since January for $90 billion of U.S. notes
Not even the Federal Reserve’s plans to raise interest rates this year were enough of a deterrence to keep investors away from Treasury debt auctions this week.
Demand was the most since January for $90 billion of U.S. notes auctioned the past three days. Buying was led by indirect bidders, a class of investors that includes foreign central banks and investment funds, even as the Fed issued a policy statement Wednesday and a government report Thursday revealed the pace of economic growth…
Uncowed Treasury Buyers Can’t Get Enough Even as Fed Hike Looms
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