Strong 5Y Auction Prices At Highest Yield Since Summer Of 2007
Strong 5Y Auction Prices At Highest Yield Since Summer Of 2007 The last time a 5Y auction priced here, quants suffered a historical meltdown. We are of course talking about the summer of 2007, and just like then, moments ago the 5Y auction priced at a high yield of 4.659%, and up 16bps from August. […]
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