Solid Buyside Demand For 10Y Auction Despite Modest Tail

One day after a solid 3Y auction priced “on the screws”, moments ago the Treasury sold $32BN in a 9-year 10-month Reopening of 10Y cusip GM7. Cutting to the case: it wasn’t ugly but it could have been better. Stopping at a high yield of 3.455% – the lowest since September and 53bps below the […] Source