Terrible 20Y Auction Has 2nd Biggest Tail, Lowest Directs On Record; Spikes Yields
Terrible 20Y Auction Has 2nd Biggest Tail, Lowest Directs On Record; Spikes Yields If anyone was hoping that today’s 20Y auction would be even remotely successful, they can not put those to bed: the just concluded sale of $16BN in 20Y paper was a disaster. Pricing at a high yield of 4.680%, the auction tailed […]
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