To gain an edge, this is what you need to know now.
Second Highest Foreign Demand
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark for the stock market S&P 500 (SPX).
Note the following:
- Due to high volatility, investors have been on the edge.
- Stellar auction of 30 year bonds is calming the nerves.
- Here are the details of the bond auction.
- Total amount of the auction: $20B
- High yield: 2.375% vs. when issued yield of 2.399%
- Bid-to-cover: 2.46
- Indirect bid: 71.5%
- Direct bid 16.4%
- Foreigners are seeing the power of the U.S.