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Ugly, Tailing 10Y Auction: Bid To Cover, Indirects Lowest Since 2016 

By: capt_nemo in POPE IV | Recommend this post (3)
Wed, 09 Aug 17 11:01 PM | 56 view(s)
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Unlike yesterday's unexpectedly strong 3Y auction, which stopped through with impressive metrics despite the "hawkish" JOLTS report which showed a record number of job openings, moments ago the Treasury sold $23 billion in 10Y paper in a surprisingly poor refunding auction, which stopped with a large tail and with the smallest bid/cover since last November's Refunding.


http://www.zerohedge.com/news/2017-08-09/ugly-tailing-10y-auction-bid-cover-indirects-lowest-2016




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