The Treasury announced Thursday a record $104 billion worth of bond auctions for next week, part of its herculean efforts to finance a rescue of the world’s largest economy.
The sales will exceed the previous record of $101 billion set in auctions that took place in the last week of April and consist of two-year, five-year and seven-year securities. That record was matched by another $101 billion week in May.
Call me a wee bit skittish in the 2009 Obama Economic World, but sooner or later these headlines are going to have to include the word try instead of assuming someone while buy what could become junk bonds.
(Link via Instapundit.)