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Well we also auctioned off 240 billion dollars or so last week, which is an insane amount.  A lot of what I have seen is that levels such as this are unsustainable, but levels like that do not happen weekly.


Also, I think that the rising interest rates in auctions are not a bad thing persay.  It could just be a sign of demand coming back as banks move cash they have been sitting on into the market for investment.


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