​Yields Tumbles After Stellar 7Y Auction Stops Through Most Since Covid Panic – Tyler Durden

Yields Tumbles After Stellar 7Y Auction Stops Through Most Since Covid Panic After two ugly auctions yesterday to start the week, moments ago the Treasury concluded the truncated week’s coupon issuance when it sold $44 billion in 7Y paper in what was a stellar auction. The auction stopped at a high yield of 4.215%, 54bps higher than the 3.668% last month, and the highest since June, but more importantly, it was below the When Issued which traded at 4.235% at 1PM. As a result, the auction stopped through by 2bps, the biggest stop through Jan 2023 (and tied with the…  — Continue at ZeroHedge News : Read More