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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Receives Record Demand For Its Bonds Under Obama, Helping The Deficit
U.S. Receives Record Demand For Its Bonds Under Obama, Helping The Deficithttp://thinkprogress.org/economy/2011/12/27/395451/us-receives-record-demand-for-its-bonds-under-obama-helping-the-deficit/
Bloomberg News reports that the U.S. government received record demand for its bonds in 2011, pushing longer-maturity treasuries to their best performance since 1995 in a sign that President Obama may have little difficulty financing the budget deficit. The European debt crisis is driving investors to buy U.S. assets, allowing the government to get an all-time high bid-to-cover ratio of 9.07 for $30 billion of four-week bills it auctioned on Dec. 20 even though they pay zero interest. Despite the GOPs factually-challenged fear-mongering about the deficit, the high demand for U.S. bonds are helping to contain borrowing costs and making it cheaper as a percentage of gross domestic product to finance deficits than when the nation last had budget surpluses.
Obama Wins Most Demand for Debt of U.S. Presidents Since Before First Bush
http://mobile.bloomberg.com/news/2011-12-26/obama-wins-most-demand-for-debt-of-u-s-presidents-since-before-first-bush.html?wpisrc=nl_wonk
The U.S. government received record demand for its bonds in 2011, pushing longer-maturity Treasuries to their best performance since 1995 in a sign that President Barack Obama may have little difficulty financing a fourth consecutive year of $1 trillion budget deficits.
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U.S. Receives Record Demand For Its Bonds Under Obama, Helping The Deficit (Original Post)
cal04
Dec 2011
OP
cthulu2016
(10,960 posts)1. This has nothing to do with Obama, for or against
Demand for US bonds is high because the global economy is in no danger of recovering so a safe 2-3% yield looks deisrable to people.
There is no expectation of inflation... short term or long term. There is no desirable competing invetment.
Our bonds are strong because the global economy sucks.
So it isn't something one would want to take credit for.
But obviously it isn't Obama's fault either.
Kurmudgeon
(1,751 posts)2. Noting to do with Obama, yeah right. If it was the other way around, you'd be blaming him directly.