Demand For 7 Year Paper Fades In Week's Poorest Auction

Zero Hedge | 4/25/2019 | Staff
leeann77leeann77 (Posted by) Level 3 auction april 2019.jpg?itok=lgCBBotL

Following two strongish coupon auctions, with both the 2Y and 5Y stopping "on the screws" earlier this week, moments ago the Treasury sold $32 billion in 2Y notes in the weakest auction this week. The offering priced at 2.426%, up from the 2.281% in March which was the lowest since 2017, and also a 0.5bps tail to the 2.421% When Issued.

All the internals also priced just below the recent average, with the Bid To Cover sliding...
(Excerpt) Read more at: Zero Hedge
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