The Traderszone Network

Published in TZ Latest News 9 June, 2015 by The TZ Newswire Staff

Heavy Short Overhang Results In Solid 3 Year Auction Despite Broad Treasury Weakness

After today’s latest selloff in the Treasury complex which has again sent yields to the widest levels since October, many were watching today’s first of the week bond auction with trepidation to see if the rout in the secondary market would spill over into the primary. It did not. In fact, pricing at 1.125%, this was precisely on the screws of the When Issued at 1pm, suggesting there was no notable weakness in demand for today’s $24 billion in 3 Year paper.

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