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Wednesday, June 24, 2009
Yesterday's Two Year Treasury Auction Is Now A Loss For Participants
Posted by
Tyler Durden
at
12:56 PM
So much for the "wildly successful" 2 Yr UST auction yesterday. If you bought in: congrats - you are now under water. Looks like the 2007 special Goldman 8x leveraged HY bond issue "flip 'em" game has now moved to front end Treasuries.
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