Mediocre Demand For Forgettable, Tailing 20Y Auction
July 19, 2023 at 13:28 PM EDT
Moments ago, the Treasury held this week’s lone coupon auction in the form of a 20Y sale (really a 19Y-10M reopening) which came in solid, if not quite as stellar as last week’s auctions. The high yield of 4.036% was above last month’s 4.010% and the highest since last November’s 4.072%; it also tailed the […] Source
