Interest Rates Creeping Upwards

I don't know if anyone's been watching, but interest rates have been steadily creeping upwards. I'll try and find a chart later today, I'm running very late this morning because I slept in. In any case, interest rates are rising despite the fact that there is still no real increase in business or consumer lending.

Why is that? Dig this.

(Today) the Treasury will reveal the details of the 3 year ,10 year and 30 year auctions which are on the docket for next week. The package should total in the vicinity of $ 75 billion which would be the largest package of those three issues since the dawn of time.

The government is sucking up massive amounts of money.