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Ugly 5Y Auction Tails As Foreign Demand Shrinks

Ugly 5Y Auction Tails As Foreign Demand Shrinks After a rather forgettable 2Y auction yesterday, moments ago the Treasury sold $70BN in yet another subpar coupon auction.  The auction stopped at a high yield of 3.710%, down from 3.724% in August and the lowest since last September. It also tailed t......

Source: Zero Hedge

Original URL: https://www.zerohedge.com/markets/ugly-5y-auction-tails-foreign-demand-shrinks