The money''s no good, PIMCO''s Gross says, so buy ''reflatables'' with it

Section:

http://www.reuters.com/financeNewsArticle.jhtml?
storyID=3978831&type=bondsNews

US Treasuries slip, foreign central banks shy away

NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.

Indirect bidders, which include foreign central banks,
picked up just 24 percent of the issue, way below last
month's 38 percent and off the 29 percent average of the
last four sales. Traders had been hoping for stronger
demand given some offshore central banks were thought
to be buying dollars to fight an export-damaging rise in
their currencies.

The sale of $12 billion in reopened 10-year Treasury notes
went at a higher-than-expected yield of 4.365 percent and
drew bids for 1.78 times the amount on offer, short of the
1.84 average of the other sales this year.

The current 10-year note eased 5/32 in price, taking yields
to 4.34 percent from 4.32 percent late on Wednesday. In
when-issued trading, the new 10-year paper had been
yielding 4.34 percent just before the sale.

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WHO HAVE SUPPORTED GATA
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3033 East 1st Ave.
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www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
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Metalguys@aol.com

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15018 North Tatum Blvd.
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http://www.buycoin.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com

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