(USTs modest -- belly led -- BID on extremely light volumes); while WE slept; H2 = long s/t USTs; BoE change of view ... and #Got10s?
thebondbeat.substack.com
Good morning … Yesterday we had a well rec’d 3yr auction … ZH: Stellar 3Y Auction Stops Through With Lowest Dealer Award On Record … The internals were also solid, with Indirects awarded 69.4%, up from 61.5% in June, and not just well above the recent average of 64.5% but just shy of the all time high. And with Directs awarded 19.8%, below last month's 21.7% but above the 6-auction average of 18.6%, t
(USTs modest -- belly led -- BID on extremely light volumes); while WE slept; H2 = long s/t USTs; BoE change of view ... and #Got10s?
(USTs modest -- belly led -- BID on extremely…
(USTs modest -- belly led -- BID on extremely light volumes); while WE slept; H2 = long s/t USTs; BoE change of view ... and #Got10s?
Good morning … Yesterday we had a well rec’d 3yr auction … ZH: Stellar 3Y Auction Stops Through With Lowest Dealer Award On Record … The internals were also solid, with Indirects awarded 69.4%, up from 61.5% in June, and not just well above the recent average of 64.5% but just shy of the all time high. And with Directs awarded 19.8%, below last month's 21.7% but above the 6-auction average of 18.6%, t