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Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand

Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand Today's lone coupon auction, the sale of $16BN in 20Y notes, took place at 1pm, just an hour ahead of the FOMC Minutes release, and the auction was generally very strong, with maybe a one glitch.  The sale stopped at a high yield of 5.122%, up from 4.883% in April, and the second highest in the history of the 20Y auction with just the 5.257% in October '23 printing higher. The yield stopped on the screws with the When Issued...
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May 10, 2026 / Tyler Durden
Kim Jong Un Creates Ultimate Deadman Switch: North Korea To Auto-Launch Nukes If Assassinated
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Jun 1, 2026 / Tyler Durden
65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe's 'Powerhouse'
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Apr 24, 2026 / Tyler Durden
Pentagon Email Seeks Ways To Suspend Spain From NATO, Brussels Says Not Possible
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