Stellar 5Y Auction Stops Through Amid Surge In Foreign Demand After one of the strongest 2Y auction on record, the streak of strong coupon sales extended for a second day and despite the continued plunge in yields, which dipped well below 4.30% at one point in the day, today’s sale of $70BN in 5Y paper was flawless, and almost as strong as yesterday’s auction. The auction stopped at a high yield of 4.123%, down 20bps from 4.330% last month and the lowest since Sept 24; it also stopped 1bps through the When Issued, the 4th consecutive stop through and the… — Continue at ZeroHedge News : Read More
