Latest On UST's

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Latest On UST's

posted on May 27, 2009 10:45AM

Supposedly, the 5 year UST auction went well today. However, as noted in the chart below, longer-term treasuries are still bleeding. Even worse is that the yields on mortgage bonds moved up sharply today as demand for them slackens across the board. This action is a precursor to higher mortgage rates, which will further cripple the housing industry. Tomorrow, there will be a $26 billion auction for 7 year treasuries.

Gold holding $950 quite stubbornly, especially in the face of cartel selling pressure and a falling DOW. This will bode well very soon.