Treasurys survive $200 billion onslaught

Treasury prices rose Friday after a record week of debt sales ended on a high note, easing some fears that foreign demand for U.S. debt is wearing thin.

The government sold more than $200 billion in notes, bills and Treasury Inflation Protected Securities this week. It was the latest in a string of record-setting debt offerings that the U.S. has held monthly as the government seeks to fund a $1.8 trillion budget deficit.

Concerns about buyer fatigue were highlighted after this week's auctions of 2- and 5-year notes brought in fewer bids compared with last month's auctions of the securities. Indirect bids, which include foreign central banks, were also mixed this week.

Read Full Article from CNNMoney.com

- Posted: 2009-07-31 12:33:49

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