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Record Foreign Demand For Blowout 30Y Treasury Auction Sends Yields Tumbling Across The Curve
[ZeroHedge] After a stellar 3Y, an impressive 10Y (both of which came in far stronger than expected, prompting us to correctly say there were zero jitters about today's CPI print in the bond market), moments ago we got an absolutely blowout, record 30Y auction.The high yield of 3.585% was fractionally above last month's 3.513%, but stopped through the When Issued by 2.4bps, one of the biggest stop throughs on record which was especially remarkable when considering the powerful rally across the curve going into the auction and lack of concession as the curve had tried to steepen on several occasions, and failed. Posted by: Skidmark 2023-01-13 |
| http://www.rantburg.com/poparticle.php?ID=655375 |