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US Government Has Poor Treasury Auction Feb 10, 2010

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Uploaded by on Feb 10, 2010

Demand for U.S. debt was poor, which drove up the cost of borrowing. As demand for treasury debt falls, interest rates must rise to find buyers for this debt. Our leaders in Washington might want to wake up to this, especially if they have this fantasy of printing trillions in cheap dollars over the next few years.

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