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Stellar US 10Y Auction Has Highest Bid To Cover Since 2016 Amid Surge In Demand
After yesterday's solid 3Y auction, the market considered the results briefly, pushed yields lower for about a basis point and then saw the recent move wider in yields extend overnight, with some wondering if yesterday's auction success would be repeated in today's sale of $39BN in 10Y notes (specifically a reopening of 9Year-11Month cusip CLW9). The answer was yes and then some. Pricing at a high yield of 4.235%, down from last month's 4.347%, the auction stopped through the When Issued 4.250% by 1.7bps, an improvement to last month's 0.3bps through and the biggest stop through since June. chart The bid to cover ... (full story)
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- Dec 11, 2024 4:53pm Dec 11, 2024 4:53pm
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teprewitt23 - Joined Sep 2023 | Status: Member | 89 Comments
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- Posted: Dec 11, 2024 3:20pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,978
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