Good morning … How ‘bout that bond auction? Yields Hit Session High After Ugly, Tailing 30Y Auction -ZH Not ALL was lost - there was SOME sort of demand given tail (ie concession) as JEFF points out … Near-Record Low Dealer Takedown … Tails in 30-year bond auctions are pretty common, especially for new issues. Prior to today, 4 of the last 5 auctions stopped short, due in part to the cuts to the auction sizes since last year. Today's tail brings things back in line with historical norms, where new issues generate solid stats aside from the tail …
while we slept; only the shadow (fed funds) knows
while we slept; only the shadow (fed funds…
while we slept; only the shadow (fed funds) knows
Good morning … How ‘bout that bond auction? Yields Hit Session High After Ugly, Tailing 30Y Auction -ZH Not ALL was lost - there was SOME sort of demand given tail (ie concession) as JEFF points out … Near-Record Low Dealer Takedown … Tails in 30-year bond auctions are pretty common, especially for new issues. Prior to today, 4 of the last 5 auctions stopped short, due in part to the cuts to the auction sizes since last year. Today's tail brings things back in line with historical norms, where new issues generate solid stats aside from the tail …