Mediocre 5Y Auction Tails As Foreign Demand Tumbles
Mediocre 5Y Auction Tails As Foreign Demand Tumbles One day after a solid 2Y auction, moments ago the Treasury conducted the second coupon sale of the week when it sold $70BN in 5Y paper in what was a mediocre affair. Starting at the top, the auction stopped at a high yield of 3.879%, down from […]
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