10 Year Auction Reopens At Highest Yield Since October 2011, Lowest Bid To Cover Since August

Following yesterday’s ugly 3 Year auction, some were worried the bond market weakness could spill over to today’s benchmark 10 Year reopening of $21 billion in paper. It prices just through the When Issued of 2.210%, or at 2.209%, a little better than expected, although the highest yield since…

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10 Year Auction Reopens At Highest Yield Since October 2011, Lowest Bid To Cover Since August

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