Record $123 Billion Bond Auction Next Week

nctree

"The U.S. government announced a record volume of $123 billion worth of bond auctions next week, which came at the high end of some analysts' expectations but caused no major market ructions.

The figure beats the previous record of $115 billion set in July and includes two-, five- and seven-year notes in tandem with an offering of previously issued five-year Treasury Inflation Protected Securities.

Upside surprises came in a slightly larger-than-expected seven-year note sale of $31 billion and a chunkier TIPS offering of $7 billion.

The government will also sell $44 billion of two-year notes, and $41 billion worth of five-year notes. "

US dollar will be pumped up again!