Mostly: Classical

[amarksp]

Foreigners just love that fiat paper, hope your banks in Brussels/Europe got filled with all they wanted..., if not don't worry more goes on sale tomorrow...
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"US Treasuries rally further on strong 5-yr auction
Wed Dec 8, 2004 01:13 PM ET
NEW YORK, Dec 8 (Reuters) - Treasuries prices added to early hefty gains on Wednesday after an auction of new U.S. government debt attracted strong demand.
The sale of $15 billion in five-year Treasury notes went at a high yield of 3.55 percent. It drew bids for 2.60 times the amount on offer, down from November's lofty 2.90 level but dead in line with the average for the year.

The real surprise was that indirect bidders, including foreign central banks, picked up a huge $9.73 billion, or 65 percent, of the issue. That was well up on November's 44 percent and the highest share since the indirect breakdown was first published in mid-2003. Primary dealers took only $5.04 billion of the sale."