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10 Year Paper Auctioned Off With A Small Tail As Yield Drops To Lowest Since June 2013
The not so good news about today's Treasury auction, the second of the week in which $24 billion in 10 Year paper was sold, is that the yield came at 2.439, which was a 0.4 bps tail to the When Issued. The good news is pretty much everything else: the Bid To Cover jumped from July's 2.57 to 2.83, well above the TTM average of 2.68. Indirects took down 47% of the auction, also an improvement of the 39.6% last month, and above the past year average as Direct takedown also rose modestly from 13.9% to 15.1%, which however was just below the TTM average print. The plug, dealers, were left holding 37.9% of the auction: the least since May. Overall, a rather uneventful auction.
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In the "new normal", if interest rates cannot go up, they will not go up.
Any questions?
it is called CENTRAL COMMAND
speaking of 'small tails', that Morgan Brennan on CNBC is lookin' might fine today . . . . .
I don't watch TV.
Since 2001.
I've even forgotten how to use it except for channels up/down and sound up/down
http://en.wikipedia.org/wiki/Planned_economy
Planned economy. No need for financial system.
Yes, bullish for black markets.
racist
Caucasian discovery of the COLOR Black or moral metaphors associated with that color or associated with "darkness" (absence of light) long predates their discovery of "Black" people.
Who, BTW, aren't "black" but varying degrees of Brown.
I'm still waiting for the day one of these treasury auctions IS "eventful".
Like when they just can't sell the paper and the Fed has to step in and buy it all up to prevent a failed auction.
Ah, dreams.
If only we knew who the Fed really was and who is actually buying on their behalf...
Globalist "Manifest Destiny", NWO, "One Coin To Rule Them All" types?
They all seem uneventful at this point.
Ferguson Missouri bonds!!
Wow...gettin hard to post again.
Still huge carry (even inside 2%!) so short anything at your own risk. Who knows..."one day this depression gonna end...
lever up and buy everything that ain't nailed down bitchez. btfd, that is all.
BTFD
BEL-GIUM!?