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Mediocre 30Y Auction Prices At Highest Yield Since August 2000

Mediocre 30Y Auction Prices At Highest Yield Since August 2000 After a subpar 3Y auction on Tuesday, and a stellar 10Y yesterday, moments ago the Treasury concluded the week's final coupon sale when it sold $22BN in 30Y paper in an average auction.  The 30Y sale priced just after 1pm, stopping out at a 5.618% high yield, up sharply from 5.308% in September, and the highest since August 2000! The high yield stopped through the When Issued by 0.1bps: good, but not as good as last month's amazing 2.7bps stop through. The bid...
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