Dismal 3Y Auction Prices At Lowest Yield Since 2013 As Bid-To-Cover, Directs Plunge
Mar 10th 2020 1:13pm EDT
Dismal 3Y Auction Prices At Lowest Yield Since 2013 As Bid-To-Cover, Directs Plunge After the precipitous decline in bond yields over the past few days, traders were keenly looking to today’s 3Y coupon auction to gauge primary market demand for US paper following the record repricing. And with good reason. Moments ago, the Treasury sold […]
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