3-year Treasuries at Record Low Yields
December 11, 2012 by Paul Ausick
Sales to direct bidders, which includes domestic money managers, comprised 24.9% of purchases, while indirect bidders, which includes foreign central banks, bought 21.9% of the notes on sale. The average for direct bidders has been 16.7%, while the average for indirect bidders has been 30.1%.
With more big banks charging customers to hold safe-haven currencies like Swiss francs and Danish kroner, even the low coupon on Treasuries looks good. The dollar lost ground to the euro earlier today as the Fed’s Open Market Committee opened its 2-day meeting, where most observers expect the U.S. central bank to keep doing what it’s doing. That should have the effect of keeping Treasury yields down, which is what the market expects and which is probably what was reflected in today’s sales.
Paul Ausick
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.