Investing Article

Bid To Cover Soars In Spectacular 2Y Auction With First 2%+ Yield Since Sept. 2008

01/23/2018 - 1:16pm By: Zero Hedge

Today's 2-year note auction was nothing short of spectacular. The auction stopped modestly thorough the 1:00 p.m. When Issued (2.067%), printing at 2.066%, the first 2%+ yield since September 2008 and the highest in 10 year, but what immediately jumped out was the largest bid/cover in more than two years: the BTC soared from 2.515 in December to 3.22, a level not seen since September 2015, and well above the 6 month average of 2.80. The buyside takedown figures were also tremendous - possibly assisted by the covering of a significant short base - ahead of what is expected to be an increase in front-end auction sizes beginning next month...

Recent Investing Articles

Featured News