Some quotes on treasuries from a couple sources this morning. So treasuries next week and options expiry next week and then the election and FED meeting the week after:
"The U.S. said yesterday it will sell $35 billion in two- year notes, the same amount of five-year securities and $29 billion in seven-year debt in daily auctions that begin on Oct. 26. The $99 billion package is $1 billion smaller than the last time the government sold this combination on September."
The Treasury will also auction $10 billion of five-year inflation-indexed securities next week.
“There’s not much room for yields to fall,” said Kazuaki Oh’e, a debt salesman in Tokyo at Canadian Imperial Bank of Commerce, the nation’s fifth-largest lender. “There is an inflation fear.”
Treasuries fell yesterday as investors balked at low rates.
“I wouldn’t touch them with a 10-foot pole, except maybe on the short side,” Steven Leuthold, whose Leuthold Core Investment Fund has beaten 88 percent of its rivals in the past five years, said in an interview with Betty Liu on “In the Loop” on Bloomberg Television. “Yields are so skimpy it makes no sense for people to be putting money in anything other than very, very short-term bonds.”