Newsfeed: Ugly, Tailing 10Y Auction Stops At Highest Yield Since 2009 As Foreign Buyers Flee
We said that yesterday’s subpar auction was a harbinger that today’s benchmark sale of 10Y paper (in the form of the 9-Year 10-Month reopening of Cusip FF3). We were right, because moments ago the Treasury sold $32BN in 10Y notes in another very poor auction.
