- Highest yield since October 2019
- Prior was 1.263%
- Bid to cover at 2.50 vs 2.41 prior
That's the second strong auction in a row and suggests the bond market isn't too worried about the Fed stepping on the rate-hike accelerator.
That's the second strong auction in a row and suggests the bond market isn't too worried about the Fed stepping on the rate-hike accelerator.