Ian Mathias (The Daily Reckoning):
The U.S. government will finish its historic streak of debt sales today with a record $16 billion offering of 30-year bonds. This will pile on top the $65 billion in 3-year and 10-year paper auctioned earlier this week, both records in their own right.

Is the rally over? Not at all! The world’s bankers say the economy is recovering. Investors believe them; they’re bidding up stocks.

ECB to change dollar’s direction?… BOE leaves rates unchanged… The worst is not over in US housing… Japan’s government signals expansion is over.. And Now… Today’s Pfennig!