​Yields Hit Session High After 3Y Auction Tails Despite Stellar Foreign Demand – Tyler Durden

Yields Hit Session High After 3Y Auction Tails Despite Stellar Foreign Demand This week’s refunding auctions were surely not on anyone’s list of the most important events over the next five days, and that’s good because moments ago we just concluded the week’s first coupon auction when the Treasury sold $58BN in 3 Year paper in a relatively boring affair. The auction stopped at a high yield of 4.152%, a 27bps jump from last month’s 3.878%, and the highest since July; the auction tailed the When Issued of 4.143 by 0.9bps, following last month’s 0.7bps tail and the highest since…  — Continue at ZeroHedge News : Read More