Direct Buying Soars, Indirect Plunges In Today’s $21 Billion 10 Year Reopening

The last time we saw a 10 Year auction with comparable confusing internals, it was in July, when in a bond issue that smashed virtually all record, the sold 10 year paper in what we then dubbed a “WTF auction.” Today’s 10 Year $21 billion reopening, while maybe not quite as stunning in all…

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Direct Buying Soars, Indirect Plunges In Today’s $21 Billion 10 Year Reopening

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