The News Review:
- 30-Yr JGB Auction Enjoys Firm Demand n 2.3% Coupon
- Auction Napa Valley brings in $5.7M just 55% of 2008′s total
- US STCKS-TXN drives tech higher; Treasury auction on tap
30-Yr JGB Auction Enjoys Firm Demand n 2.3% Coupon
Wall Street Journal
3% Coupon ArticleCommentsmore in. ) TKY (Dow Jones)–Tuesday’s auction of 30-year Japanese government bonds sold off as expected with a 2. 3% coupon successfully attracting core buyers of the zone. Japan’s Ministry of Finance sold Y460. 0 billion worth of 2. 3% 30-year JGBs at a lowest price of 100.
Auction Napa Valley brings in $5.7M just 55% of 2008′s total
Bizjournals.com
35 million haul netting about $5. 7 million over the weekend in the latest sign of the recession’s continuing grip on the region. That represented the lowest total since 2004 when the event raised $5. 3 million although it did manage to top the rival Naples (Florida) Winter Wine Festival which earlier this year saw its take shrink from $14 million in 2008 to just $5 million according to a report in Monday’s.
US STCKS-TXN drives tech higher; Treasury auction on tap
Reuters
Stocks initially rose after the Treasury Department said 10big banks will pay back $68 billion to the government butquickly fell back on concerns they might be diverting moneythey could be lending to boost the economy. Investors switched their attention to a 3-year Treasurynote auction set for 1 p. EDT (1700 GMT) with marketsworried that an oversupply of government debt could pushinterest rates still higher and increase the cost of borrowingto consumers and businesses. “It’s one of the biggest things driving the marketrecently. It is a market-moving event that we’ll be payingclose attention to” said Bennett Gaeger managing director atStifel Nicolaus in Baltimore.
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