The Treasury has just completed a $24 Billion 10 year note auction, which priced at an average yield of 1.81%, with a high of 1.855%, and a low of 1.7%.
This is an ALL-TIME RECORD LOW FOR THE US 10-YEAR!!
Primary dealers took down $10.9 Billion or 45.4%, indirects took down $9.3 Billion or 38.75%
Clearly the entire developed world is still fleeing to the perceived safe haven of treasuries as Europe collapses. As the dollar’s fundamentals have deteriorated significantly since the last crisis in 2008, it won’t be long before these traders and funds realized they have ran from the burning house into the burning barn, and should have ran to the last remaining and ultimate safe havens of physical gold and silver.
Full details from the Treasury: