@contradevian Posted July 10, 2013 Share Posted July 10, 2013 http://www.zerohedge.com/news/2013-07-10/10-year-re-re-opening-auction-just-good-enough Just like yesterday's 3 Year $32 billion bond auction, so today's 9-year 10-month $21 billion re-reopening of Cusip VB3 was largely much better than last month's auction, if not quite stellar, driven likely by the jump in rates, which rose from 1.81% in May, to 2.21% in June to 2.67% today, which was on top of the 2.669% When Issued, and the highest auction yield since July 2011 or right before the first debt ceiling crisis. Today's Bid To Cover, while better than last month's ugly 2.53, was still the second worst since August's 2.49 Dollar weakening on news, but Bernanke is spreaking or about to speak. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted July 10, 2013 Share Posted July 10, 2013 A bid to cover of 2.53 is hardly a failed auction is it? Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 11, 2013 Author Share Posted July 11, 2013 A bid to cover of 2.53 is hardly a failed auction is it? Didn't say it was and was certainly better than recent bid to cover on UK auctions. UK has a 30 year bond auction today. Last May 3.29|2.0. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 11, 2013 Author Share Posted July 11, 2013 Didn't say it was and was certainly better than recent bid to cover on UK auctions. UK has a 30 year bond auction today. Last May 3.29|2.0. Update UK 30 year came in at 3.55|1.7 Quote Link to comment Share on other sites More sharing options...
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