Sunday , June 16 2019

US treasury auctions off US$24 billion of 10 year notes at 2.129%

WI level of the 10 year note at the auction time was 2.129%
– high-yield rate 2.13%
– WI was at 2.129% at the auction time
– bid to cover 2.49x. Higher than the six-month average of 2.42x
The auction is decent. The only negative was the small-tail.  The bid to cover was higher than the six-month average. Foreign
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