Sloppy, Tailing 20Y Auction Validates Duration Fears
May 19th 2021 1:21pm EDT
Sloppy, Tailing 20Y Auction Validates Duration Fears After last week’s mini-taper of 20Y POMOs by the Fed, the market was closely watching today’s auction of $27BN in 20Y bonds for signs of weakness, especially after this morning’s dismal 2Y bund auction in Germany which saw the weakest demand since July 2019, and they were not […]
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