"Spectacular Demand": Record Big 10Y Auction Prices At Record Low Yield
May 12th 2020 1:13pm EDT
“Spectacular Demand”: Record Big 10Y Auction Prices At Record Low Yield Heading into today’s supersized 10Y auction, BMO’s rates strategist lamented the stubborn range which has confined US rates since mid-March – at +/-10bps of 61bps – which however indicates that even the hefty dose of larger than anticipated long-end auctions is insufficient to redefine […]
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