govttrader's blog

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30yr UST Auction Post-Mortem

After the fireworks following yesterday's weak 10yr auction, tensions were high going into today's 30yr bond auction.

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UST 10yr Auction Post Mortem

The UST market grinded higher today, right into the 1pm (ET) 10yr auction. The 10yr auction came at the EXACT high print of the day on the current 10yr note @ 2.75%.

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Wednesday and Thursday of last week were the US 10yr and 30yr auctions.  These auctions (combined with the price action in the secondary market leading up to the auctions) are the best times to gauge demand for UST paper.