Some years ago, I signed up for U.S. Treasury press releases regarding bond and note sales. I don’t remember why I did this, and generally I never bothered to read the e-mails. But they are kinda interesting. This morning, the Treasury announced the result of several recent bond and note auctions, and I noticed something that strikes me as odd. For example, this morning, the Treasury announced that a recent sale of 13-week notes lists total tendered at about $73.5 billion and total accepted at $26 billion. Does this mean there were no takers for the remaining notes/bills/bonds (roughly $47 … Continue reading A Question