Wednesday, August 24, 2016

Big Jump in Foreign Buyers at Latest Treasury Auction Is a 'Hint'

Wednesday's Treasury auction of five-year notes went well thanks to record demand from indirect bidders, mostly foreign central banks.

The successful auction plus the strong foreign buying from foreign central banks suggests the Fed won't hike rates soon, strategists say. Mark Grant of Hilltop Securities headlined his report "Hint, Hint."

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