07/30/2009 05:12 am ET Updated May 25, 2011

U.S. Treasuries, Surprinsigly, Attract Many Buyers

Last week, in three separate auctions, the U.S. Treasury offered up more government debt for sale than ever before -- $104 billion dollars worth of notes and bonds. Given all the anxiety expressed in recent months about how the bond market was trembling in fear at President Obama's big budget deficits and the prospects of high inflation down the road, you would be excused for thinking that such a massive offering would cause even more dismay.