Overall, this was a medicore auction which priced on the strong side but whose internals offset that strength, printing a bit weak. Not like any of that mattered for the bond market, however, with yields trading near session lows across the curve.
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In summary: this was a very ugly, tailing auction, which saw foreign demand tumble, offset by the biggest "backstop" bid from…
Overall, this was a solid 7Y auction and one which had no problem finding buyers despite, or perhaps because of the recent surge…
Overall, this was a average-to-weak auction, with sufficiently good metrics even if the internals were a bit on the weak side.…
Overall, this was a forgettable auction with mediocre stats and internals.
Overall, this was a fitting close to a solid week for Treasury auctions, as today's 7Y auction was an absolutely blockbuster,…
How high can we push valuations before something snaps violently?
