Treasury Auctions

A lot of my readers are like me in one way: they understand the stock market and how it works, but the workings of the rest of the economy are a bit of a mystery. Most of the time we don't need any more than a very basic understanding of economic forces to successfully trade the stock market, but sometimes a little deeper understanding can bring us some insight into why the market does what it does. Besides, we have a natural tendency to "look under the hood" just to see how something works (when I was a kid my father had to put together several fishing reels after I took them apart to see how they worked. After the third one he made sure I didn't do it again). This past week, we had treasury autions, which affected the market, and since I had just a very basic understanding of how they worked, I "looked under the hood" thanks to Google, and found this site. It gives a wealth of information about treasury auctions, including a page on the fundamentals of how the auctions work, and a page with upcoming auctions and the results of past auctions. We have more auctions coming up this week:



I'll be keeping an eye on this during the week. This could be a very significant week in the treasury market.