It's just a theory of mine, but I've noticed over the past couple of weeks that just prior to US Treasury Auctions, news is released that seems to give the markets jitters causing people sell stocks and flock to buy US treasuries just as they are being auctioned. Kind of handy really if you want to firm the demand for bonds and drop the yield to effectively get your hands on the money at a cheaper rate.
I could be wrong, but I'm going to have a punt here and guess that we will see a few days of losses on the markets this week as there are quite a few auctions.
This weeks auction dates.
92 and 182 day bills - 9th August
28 day bills - 10th August
3 year notes - 10th August10 year notes - 11th August
30 year bonds - 12th August
Here's the official details, cut and past from the treasury direct website. Click image for a larger view.
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