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5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction.
The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues.
The bid to cover...
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Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
The nation’s cybersecurity agency released its election infrastructure security plan on Thursday, ahead of the November midterms set for Nov. 3.
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