​3Y Auction Stops Through Despite Yield Plunge To 16 Month Low – Tyler Durden

3Y Auction Stops Through Despite Yield Plunge To 16 Month Low While yields have been tumbling in recent days amid unprecedented flight to safety following the collapse of the yen carry trade, today’s action has seen fast selling of the rates complex with 10Y yields rising to session highs ahead of today’s 3Y auction, the first sale of coupon paper this week, followed by 10Y and 30Y auctions tomorrow and Thursday. Yet despite the aggressive selloff which pushed yields by 10bps higher, demand for today’s sale of $58 billion in 3Y paper was stellar. The auction priced with a high…  — Continue at ZeroHedge News : Read More