Even as the market responded well to the increasing size of auctions in both the 3 yr and 10 yr Treasuries, with cover ratios past 3 in both, yields also recovered and the 10 Yr bonds went under the hammer for a 2.02% yield than last months sudden fall to 1.9%
The two auctions have already netted the planned $56 bln with 30 Year bonds coming in tomorrow at another $16 bln. a 43% of yesterday’s auction was still awarded to dealers directly while investors picked up a good 57% of the auction
The yield on the 2 year note also inched up in the Bond markets, to 0.26% from 0.25%
The 30 Yr bond will probably close tomorrow at just under 3.2%, with a less than 60% take off from investors. The 3 yr bond was awarded a 0.347% yield
Pingback: US Economy (EoD Review) : China not to blame for downtick in US Treasury yields! | The Banking and Strategy Initiative
Pingback: Market maker JPM bids up Munis, buys into 7-9 yr Curve | Fixed Income Insight | The Banking and Strategy Initiative
Pingback: US Economy (EoD Review): US Budget Deficit back on track, 3 yr auction successful | The Banking and Strategy Initiative
Pingback: US Economy: Auction yields keep ticking up, yet good Demand | The Banking and Strategy Initiative