I’m confused. It seems to me the demand for Treasury Notes / Bonds just is not there:
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/R_20091007_1.pdf
Per the Treasury Auction Results pages (for example, the one linked here) a $60B Note was tendered, but not quite $20B was accepted. Isn’t this a disaster? Same thing with the other Notes and Bonds. Someone please explain why this is not headline news that even MSM cannot ignore.