Feb 27, 12:01 PM
Investors Brace for Weak Demand Despite High Yields in US Treasury Auctions
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US Treasury auctions of 2-year and 5-year notes saw weak demand with yields climbing back toward multimonth highs. The 5-year note auction tailed by 0.8 bps, reaching a yield of 4.32%. Investors are bracing for another auction following middling demand despite high yields.
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Sources
zerohedge
7Y high yield 4.327%, WI 4.329%, 0.2bps stop through
FinancialJuice 🔴 TREASURY WI 7Y YIELD 4.329% BEFORE $42 BILLION AUCTION.
Beth Stanton#TreasuriesToday: Yields slightly lower inside Monday's selloff ranges, paced by UK bonds. New 2Y & 5Y are in the money after small auction tails. Supply cycle ends with $42b 7Y at 1pm. WI yield 4.30% > last two 7Y auction stops. Another big corporate new-issue day is expected.