If yesterday’s 2 Year stopping through auction was best described as “blistering”, then today’s $35 billion sale of 5 Year paper, which again stopped through the When Issued 1.614% by a whopping 1.9 bps, was nothing short of a scorcher.
If yesterday’s 2 Year stopping through auction was best described as “blistering”, then today’s $35 billion sale of 5 Year paper, which again stopped through the When Issued 1.614% by a whopping 1.9 bps, was nothing short of a scorcher.