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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 17, 2026 / Tyler Durden
Is A Future War Between The US And Europe Unavoidable?
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Iran’s IRGC Seizes Two Ships in the Strait of Hormuz
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Jun 21, 2026 / Dave DeCamp
Pentagon Tells Lawmakers It Needs Additional $80 Billion for Iran War and Other Costs
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