Yields Jump Despite Stellar 10Y Auction After yesterday’s stellar 3Y auction, moments ago the Treasury sold $39BN in a 10Y reopening of 9Y-11M cusipg LF6, which for the second day in a row, saw remarkable demand. The auction stopped at a high yield of 3.648%, which was 31.2bps below last month’s 3.96% and was the lowest since May 2023; it also stopped through the When Issued 3.662 by 1.4bps, the 3rd through in the past 4 auctions, and a clear reversal to last month’s ugly 3.1bps tail. The bid to cover was 2.637, a big jump from the 2.317 in… — Continue at ZeroHedge News : Read More
