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Thursday, February 23, 2023

Fundamental: Ugly, Tailing 7Y Auction Prints At Highest Yield On Record

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Alert Alert Feb 24, 2023, 5:38am
 
Fundamental: Ugly, Tailing 7Y Auction Prints At Highest Yield On Record
Exactly two years after a catastrophic, borderline failed 7Y auction spiked yields across the curve in what was at the time the first harbinger of the coming inflationary wave, moments ago we had another 7Y auction that while not nearly as ugly, was anything but good. The high yield of 4.062% was not just a whopping 55bps higher than the 3.517% from ...
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