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Treasury Auction Results
Added at 1:25pm
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30Y Treasury Auction Prices At Record Low Yield Of 2.170%
While the week's final coupon auction was largely in line with recent Treasury sales, it was remarkable for one specific reason: it just closed at the lowest high yield on record, stopping out at 2.170%, tailing the WI 2.169% by 0.1bps but pricing not only below the Sept yield of 2.270%, but also below the previous record low of 2.172% from July 2016. The bid to cover was average, rising modestly from 2.221 to 2.245, above the recent average of 2.226%, but clearly on the downslope of the BTC trend. The internals were also mediocre, with the Indirects taking down 58.5% of the auction, below last month's 60.3% and ... (full story)