今天也不错👍
Today’s 10-year auction cleared at 1.338%, nearly a bp and half through the when-issued yield of 1.352%.
Demand was strong; bid/cover of 2.59 was 1.3 standard deviations above the one year average, with indirect bidders taking down 71.1% of the print, also well above average. With directs buying 16.6%, that left dealers with just 12.3% of the sale, 1.3 SDs below average. It’s little surprise to see bond prices squeeze a bit higher after this result.
Today’s 10-year auction cleared at 1.338%, nearly a bp and half through the when-issued yield of 1.352%.
Demand was strong; bid/cover of 2.59 was 1.3 standard deviations above the one year average, with indirect bidders taking down 71.1% of the print, also well above average. With directs buying 16.6%, that left dealers with just 12.3% of the sale, 1.3 SDs below average. It’s little surprise to see bond prices squeeze a bit higher after this result.