​Mediocre 5Y Auction Prices On The Screws, Lowest Yield Since March 2023 – Tyler Durden

Mediocre 5Y Auction Prices On The Screws, Lowest Yield Since March 2023 One day after a solid 2Y auction stopped “on the screws”, moments ago the $70 billion 5Y auction did it again, when it also closed on the screws, or right where the When Issued said it should, prompting questions whether we have ever had two consecutive “screw” auctions in a row. Today’s sale of $70 billion in 5 year paper priced at a high yield of 3.519%, right on top of the When Issued, and following 4 tails in the previous 5 auctions. This was also the lowest…  — Continue at ZeroHedge News : Read More