30-year re-opening goes off stronger than the 2.91% When Issued ahead of the auction. Bid-to-cover at 2.68 in line with recent auction.
That’s a large miss for 30s and shows strong demand for bonds into the Fed.
30-year re-opening goes off stronger than the 2.91% When Issued ahead of the auction. Bid-to-cover at 2.68 in line with recent auction.
That’s a large miss for 30s and shows strong demand for bonds into the Fed.