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Dealers Rescue Very Weak 2 Year Auction As Indirects Flee From Short End, Despite Record Low Yield

Following recent speculation originating from Bill Gross that Operation Twist would materialize possibly as soon as last week's FOMC statement and cap rates on 2-3 Year Bonds, the yield on the 3 Year had fallen to unprecedented low levels. Well, the FOMC came and went, and now everyone has to wait until this year's version of Jackson Hole for OT2 to come to market. However, many have decided not to wait.
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30 Year Bond Prices At Record Low Yield As China Flees, Direct Purchases Soar

Business & Finance : Zero Hedge (3 years ago)

The "benefit" of Operation Twist for the long end shone through today as the Treasury priced $13 billion in a 30 Year reopening, which came at a record low yield of 3.12%: this was 4 basis points inside the When Issued of 3.16% so a... Read Post

Five Year Bond Auction Comes Weak Despite Fresh Record Low Yield

Business & Finance : Zero Hedge (2 years ago)

In sharp contrast to the "WTF" 10 Year auction from 2 weeks ago, which smashed virtually every record, and saw a record 45.4% direct take down, today's $35 billion in 5 Years was a pale comparison. Yes, the bond priced at a new all ... Read Post

Weak 3 Year Aution Sees Lowest Indirect Take Down Since 2007 Despite Record Low Yield

Business & Finance : Zero Hedge (2 years ago)

A rather curious result in today's just completed 3 Year $32 billion bond auction, which concluded on surprisingly weak terms, despite the High Yield coming at 0.327% or precisely where the When Issued expected it would, which also ... Read Post


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