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Thursday, December 9, 2021
stellar-demand-in-5y-treasury-auction-sends-yields-across-the-curve-sharply-lower

Stellar Demand In 5Y Treasury Auction Sends Yields Across The Curve Sharply Lower

One day after the US sold 2Y Treasurys at a yield that was higher than the market yield on 10Y paper, i.e., the 2s10s yield curve inverted, for the first time since the financial crisis, the Treasury sold $41 billion in 5 Year paper, and if yesterday's 2Y auction was a small tail, today's 5Y…
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