The News Review:
- Auction offers 500 lots of Elvis memorabilia
- JGBs fall as investors mull BJ action auction eyed
- Troubled Legion Post Fails To Sell At Public Auction
- Storage-unit auctions on the rise
Auction offers 500 lots of Elvis memorabilia
The Associated Press
ther items are less pricey. Bidding on a silver and turquoise belt that Elvis wore on stage starts at $8000. Then there are items that were never owned by Presley but have his face stamped on them like an Elvis ashtray or a key chain. The auction started Monday and ends March 25.
JGBs fall as investors mull BJ action auction eyed
Reuters
Treasuries dropped and investorsstayed cautious ahead of monetary policy meetings in Japan andthe United States. Longer-dated bonds sagged as dealers sold them to make roomin their portfolios ahead of an auction for 20-year debt later inthe day. The Bank of Japan is expected to discuss whether to raise itspurchases of government debt at a two-day meeting ending onWednesday but market players are unsure if the central bank willmake such a move at this week’s board meeting. [ID:nT314125] The debate at the BJ board meeting comes as some of theworld’s other central banks eye government bond buying as a wayto stimulate their economies with the traditional tool ofcutting short-term rates rendered useless with rates already nearhistoric lows. “The market is looking at a 50 percent chance of BJ actionthis time” said the chief manager of the bond trading group at aJapanese bank. June 10-year futures fell 0.
Troubled Legion Post Fails To Sell At Public Auction
MSNBC
An attempt to sell the post’s headquarters at auction Monday failed to produce an acceptable bid. We don’t know how low of a price the legion post was willing to take but the post commander called the abbreviated bidding a “slap in the face”. Story continues below ?advertisement |.
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Storage-unit auctions on the rise
Philadelphia Inquirer
"Let’s just say I have my reasons" he says with a sidelong glance. He closes the subject and sits on the lid. This is a storage-unit foreclosure auction yet another barometer of the faltering American economy. When people can’t pay their mortgages and lose their homes or are forced to downsize they entrust their extra belongings to one of the 52000 cinder-block-and-prefabricated-metal self-storage emporiums that dot the landscape. When they can’t afford to pay for the storage their belongings get sold to the highest bidder often at a pittance. It’s impossible to get a precise statistical grip on the extent of these sales because the industry is fragmented and the local owners are loath to discuss it but anecdotal data confirm it is a surging phenomenon. "Every auctioneer I talk to says storage-unit sales are up considerably over just last year" says Chris Longly a spokesman for the National Auction Association.