Ugly 5Y Auction Tails Amid Faltering Demand
Ugly 5Y Auction Tails Amid Faltering Demand If yesterday’s 2Y auction was stellar, today’s 5Y sale was the opposite. Just after 1pm, the US completed the sale of $70BN in 5Y paper at a high yield of 3.823%, up from 3.747% one month ago and the highest since July. It also tailed the When Issued […]
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