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Impact from poor 7 year auction not lasting

Impact from poor 7 year auction not lasting

The 7 year note auction was pretty bad. I gave it a grade of F. Rick Santelli on CNBC was generous and gave it a D-. Either way the auction was not all that hot.

However, after a brief tick higher in yields, buyers came back in and yields started to move back to the downside.

A look at the yield curve currently shows:

  • 2 year yield 4.518%, unchanged
  • 5 year yield 3.939%, -3.8 basis points
  • 7 year yield 3.877% -5.2 basis points
  • 10 year yield 3.75... Read More
Posted: Nov 22 2022, 20:04
Author Name: forexlive
Views: 110814

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