Is Something Wrong With This Six Sigma Picture?
The chart below represents the bid to cover on the US 4 Week Bill auction. Needless to say, the US just sold $30 billion at a yield of 0.000%. We will leave it up to readers to figure out why the announcement of the result at 11:30 am today led to a violent sell off in EURUSD.
And no, this is not seasonal:
Lastly, a Six Sigma way of showing today's result
chart: Bloomberg, John Lohman