​Stellar 3Y Auction Stops Through, With Highest Bid-to-Cover On Record – Tyler Durden

Stellar 3Y Auction Stops Through, With Highest Bid-to-Cover On Record With the stock market rollercoaster stuck in “down” mode today, it is probably not a surprise that the flight to safety would be strong to quite strong, and sure enough moments ago when the US sold $58BN in 3Y paper, the demand was the strongest since at least last summer. Pricing at a high yield of 3.440%, the 3Y auction was not only 37bps below last month’s 3.81% and the lowest since August 2022, but also stopped through the 3.457% When Issued by 1.7bps, the biggest Through since August 2023…  — Continue at ZeroHedge News : Read More