​Ugly, Tailing 20Y Auction Sends Yields To Session High – Tyler Durden

Ugly, Tailing 20Y Auction Sends Yields To Session High After last week’s solid auction which saw stellar demand no doubt on the expectation that the Fed will soon be slashing rates, moments ago we got the results of this week’s sole coupon offering: a $13 billion reopening of 19Y-11M cusip UD8, where we learned that demand for 20Y paper was far weaker than expected. Stopping at a high yield of 4.039%, the 20Y reopening yield was down from 4.16% in August, and even though this was the lowest 7Y yields since July 2023, it was the auction this month to…  — Continue at ZeroHedge News : Read More