Welcome To QT: Terrible 5Y Auction Prices With Huge Tail As Foreign Demand Tumbles
Jun 27th 2022 1:21pm EDT
Welcome To QT: Terrible 5Y Auction Prices With Huge Tail As Foreign Demand Tumbles After an ugly, tailing 2Y auction 90 minutes earlier, moments ago the Treasury concluded the second auction for the day in this week’s accelerated issuance schedule, when it sold $47 billion in 5Y paper at a high yield of 3.271%. This […]
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