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Average 7Y Auction Stops On The Screws Amid Stock Rout
Average 7Y Auction Stops On The Screws Amid Stock Rout After yesterday's mediocre 5Y auction, we had just one coupon sale left: 7Y paper at 1pm today. And with today's wholesale post-Nvidia, risk-off move it was expected to be an easy sale, which is more or less what it was. The Treasury sold $44 billion in 1 Year notes at a high yield of 3.790%, down sharply from 4.018% last month, and the lowest since November. The auction also priced on the screws with the When Issued, which ...
26 Feb, 18:28 — 26 Feb, 18:28
