Week of 8.10.15: The Most Interesting, but Under-covered Event of this Week - U.S. Treasury Bond Auction Demand

The most interesting, but under-covered, newsworthy item of the week was the weak auction of U.S. Treasury bonds during this past week.  While one weak auction does not make a trend, this is an area worth some vigilance, given the U.S. federal budget levels that require periodic debt re-financings or pure new issuances to fund deficits.  The weak demand is by no means a trend, but merely a data point.