FYI: The world’s appetite for U.S. government bonds is insatiable — even with yields near their all-time lows.
The $23 billion sale of benchmark 10-year Treasury on Wednesday set a new record for indirect bidding, a proxy for demand from foreign investors. The 73.5% measure of such bids was the highest since at least May 2003, when the data was first released, according to Thomas Simons, senior money-market economist at Jefferies, which is one of the 23 primary dealers which underwrite U.S. government debt sales.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/05/11/investors-keep-gobbling-up-treasurys/
