Stellar 7Y Auction Sees Blowout Foreign Demand As Yields Tumble
August 29, 2023 at 13:30 PM EDT
If there was any concern that today’s post-JOLTS yield plunge would lead to reduced demand for today’s closely watched belly-of-the-curve auction, they evaporated moments ago when demand for 7Y paper was almost off the charts. Pricing at a high yield of 4.212%, today’s sale of $36BN in 7Y notes priced at the highest yield on […] Source
