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Solid 20Y Auction Stops Through With Above Average Foreign Demand
Solid 20Y Auction Stops Through With Above Average Foreign Demand
The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction.
The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January.
The bid to cover was 2.68, down from 2.76 in March but above the 2.63 six-auction average.
The internals were also solid with Indirects taking...
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Jessica Bowie, 35, was captured by surveillance while doing reconnaissance on the New York Capitol in an undated photo. U.S. Department of Justice
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