The beginning of the end for foreign investment?
Headline from a comment on the Wall Street Journal site, commenting on the following:
Weighing on stocks was a weak five-year Treasury note auction, with a lack of foreign investors coming to the table. The 10-year note declined 24/32, pushing its yield back up to 2.79%. The yield had fallen to around 2.50% last week after the Federal Reserve unveiled its plan to buy longer-term government debt.
The weak auction came after a sale of U.K. government debt Thursday failed. It was the first failed auction of conventional U.K. government bonds since 1995.
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