Foreign Demand Slides In Ugly, Tailing 10Y Auction
Foreign Demand Slides In Ugly, Tailing 10Y Auction After yesterday’s average 3Y auction, moments ago the Treasury sold $33 billion in a 10 Year reopening (technically a reopening of the 9Y-10M cusip EP2), in an auction that could have certainly gone better. The high yield of 2.96% was down from June’s 3.03%, the first drop…