US sells 10-year notes at 2.400% vs 2.391% WI bid

Results of the $23 billion, 10-year auction
– Wide spread in the WI market ahead of the sale with 2.375% on the ask
– Prior was 2.332%
– Bid-to-cover 2.33 vs 2.48 prior
So it’s a big tail, or a bigger tail depending on how you want to look at it. That’s the second day in a row.

US sells 10-year notes at 2.400% vs 2.391% WI bid

Results of the $23 billion, 10-year auction
– Wide spread in the WI market ahead of the sale with 2.375% on the ask
– Prior was 2.332%
– Bid-to-cover 2.33 vs 2.48 prior
So it’s a big tail, or a bigger tail depending on how you want to look at it. That’s the second day in a row.

US sells 10-year notes at 2.400% vs 2.391% WI bid

Results of the $23 billion, 10-year auction
– Wide spread in the WI market ahead of the sale with 2.375% on the ask
– Prior was 2.332%
– Bid-to-cover 2.33 vs 2.48 prior
So it’s a big tail, or a bigger tail depending on how you want to look at it. That’s the second day in a row.