​Sloppy 5 Year Auction Tails Despite Record Foreign Demand – Tyler Durden

Sloppy 5 Year Auction Tails Despite Record Foreign Demand 90 minutes an ugly 2Y auction this morning, moments ago the Treasury sold its second coupon offering for the day, this one $70BN in 5Y paper in an auction that was even uglier. The high yield was 4.138%, up sharply from 3.519% in october and the highest since June. And with the When Issued trading at 4.122% at 1pm, the 5Y tailed 1.6bps, making this the 4th consecutive auction that has failed to stop through (last month was on the screws) and the second biggest tail of 2024, only January’s 2bps…  — Continue at ZeroHedge News : Read More