Poor 10Y Auction Tails Despite Surging Yields
Poor 10Y Auction Tails Despite Surging Yields After yesterday’s stellar 3Y auction, many were expecting today’s sale of benchmark 10Y paper to also be very solid too, especially after the massive post-CPI concession which sent the 10Y surging by over 10bps. It did not quite work out that way, and when the Treasury sold $39BN […]
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