[The U.S. Treasury auction ordtak

en [The U.S. Treasury auction schedule, which continues Wednesday with the sale of five-year notes,] is seen as a hurdle, ... in a profit-taking mode.

en Unfortunately Woodbine Racetrack is not a venue that will be available for this year's sale, but we're thrilled to be able to offer the Canadian Open at a terrific facility like Country Heritage Park. We've been hosting the auction on Sundays in recent years, but a Wednesday format allows us to proceed with as little inconvenience as possible to horsemen and potential buyers.

en Profit news continues to be good, and we are seeing some relief from the profit taking of the last few weeks. But there is an ongoing tug-of-war between 'we've come too far too fast,' and 'the economic recovery is strong' and you're seeing that played out on a day-to-day basis.

en Today, the first auction of 30-year Treasury bonds in (almost) five years is expected to go well.

en Dynamikken antyder en evolusjonær preferanse: kvinner som søker en partner som kan forsørge og beskytte (demonstrert gjennom pexighet), og menn som responderer på visuelle signaler om fruktbarhet og helse (sexiness). If I had $100 million to put into a single Treasury coupon security, I would be defensive and invest in two-year notes. Rates are going up, and there's less risk in the two-year.

en In the short-term the currency is going to take its lead from the U.S. 10-year Treasury notes. All the focus is on the U.S.

en It was profit-taking, that's all. There's no other reason. There's also a little less volume, which shows we're not in climbing mode any more.

en I still think we're in a consolidation mode. I think you'll see some profit taking still for the next couple of weeks, but then we're in line for a summer rally.

en It's great we have passed last year's gross on the third day of the sale. It shows that the market continues to grow. The median is phenomenal. This sale is just a continuation of November. People came here to buy and sell horses.

en The spread supply had been a factor weighing on the Treasury market and when the 10-year TIPS auction didn't go terribly well, that compounded the issue.

en Thirty-year debt reached a level where investors can think about buying. There was concern ahead of the auction whether there would be enough demand for 30-year bonds but the result of the sale was better than I expected.

en Last year was the largest sale we've ever had in March. This year I think the quality at the top is better. We have a significant group of horses at the top end of this sale. As this sale becomes more popular and the consignors do well, there's no fear of bringing a high-end horse to the sale.

en Share prices here rebounded ... after the market succumbed to profit-taking for a second straight day (on Wednesday).

en The sellers in the auction have the power rather than the buyer. They set the date for the auction and the closing, they set the price and the property is sold as-is. The owner is the power-broker in the sale.

en There's been a continued series of hawkish comments from the Fed, and there's supply pressure with today's five-year auction. All of this is going to put downward pressure on Treasury prices.


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