(mixed on light volumes due to holiday and soccer) while WE slept; Gruesome 7Y Auction (ZH); '...Peak Hawkishness Has Passed...'; "risk OFF, yield ON" -PIMCO; Fed Funds 12mo ROC; S&P YTD
(mixed on light volumes due to holiday and soccer) while WE slept; Gruesome 7Y Auction (ZH); '...Peak Hawkishness Has Passed...'; "risk OFF, yield ON" -PIMCO; Fed Funds 12mo ROC; S&P YTD
thebondbeat.substack.com
Good morning … thankfully there’s no more coupon issuance straight ahead because that 7yr auction tailed and by all accounts, was no bueno JEFF: 2.5bp Tail, Biggest Dealer Takedown Since July, Another Low Bid/ Cover BMO: 7-year auction tails 2.6 bp -- weak non-dealer bid
(mixed on light volumes due to holiday and soccer) while WE slept; Gruesome 7Y Auction (ZH); '...Peak Hawkishness Has Passed...'; "risk OFF, yield ON" -PIMCO; Fed Funds 12mo ROC; S&P YTD
(mixed on light volumes due to holiday and…
(mixed on light volumes due to holiday and soccer) while WE slept; Gruesome 7Y Auction (ZH); '...Peak Hawkishness Has Passed...'; "risk OFF, yield ON" -PIMCO; Fed Funds 12mo ROC; S&P YTD
Good morning … thankfully there’s no more coupon issuance straight ahead because that 7yr auction tailed and by all accounts, was no bueno JEFF: 2.5bp Tail, Biggest Dealer Takedown Since July, Another Low Bid/ Cover BMO: 7-year auction tails 2.6 bp -- weak non-dealer bid