Treasury's $39 billion sale of 10-year notes goes poorly
"The Treasury Department's $39 billion auction of 10-year notes on Wednesday afternoon went worse than expected, with below-average participation seen from direct and indirect bidders.
Primary dealers were forced to step in and took 24%, much higher than their 13%-19% average take for auctions of that maturity, according to Tom di Galoma, co-head of global rates trading for BTIG in New York.
Wednesday's auction tailed by 3 basis points in a sign of lackluster demand. Immediately after the results came in, the 10-year Treasury sold off even further, sending its yield to an intraday high of 4.55%."
- Forums
- ASX - By Stock
- XJO - Bear Posts only (Factors which might cause the markets to fall)
Treasury's $39 billion sale of 10-year notes goes poorly"The...
- There are more pages in this discussion • 716 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,724.3 |
Change
-25.400(0.33%) |
Mkt cap ! n/a |
Open | High | Low |
7,749.7 | 7,751.8 | 7,718.0 |
Featured News
XJO (ASX) Chart |