Stellar 20Y Auction Stops Through Amid Surge In Foreign Demand

Stellar 20Y Auction Stops Through Amid Surge In Foreign Demand Moments ago the week's lone coupon auction priced in what was a stellar sale of 20Y Treasury paper. At 1pm ET, the US Treasury auctioned off $13BN in 20Y paper, with very solid metrics and even more solid buyside demand.  The auction priced at a high yield of 4.817%, up from 4.664%, but below January's 4.846%. The auction stopped 0.7bps through the 4.824% When Issued. This was the 3rd stop through auction in the past...

By Tyler Durden