Friday, March 26, 2010

Mr. Quarter Told You So......

The following article was posted at the Yahoo! Finance page today:

The Associated Press, On Thursday March 25, 2010, 5:12 pm EDT
WEAK DEMAND: Interest rates climbed in the bond market Thursday after a government debt auction drew tepid demand. Auctions Tuesday and Wednesday also saw lower demand.

NOT THAT INTERESTED: The auction of $32 billion in seven-year notes saw demand fall from the past two months. That means the government could have to start offering higher interest rates to attract buyers.

BERNANKE SAYS: Testimony from Federal Reserve Chairman Ben Bernanke affirmed the government's pledge to keep interest rates near zero for an extended period.

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