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Tuesday, September 22, 2020
tailing-3-year-treasury-auction-sees-solid-demand-despite-rising-yield

Tailing 3-Year Treasury Auction Sees Solid Demand Despite Rising Yield

After August's 3Y Treasury auction sold to blistering demand despite the lowest yield since September 2017, there was some speculation that today's modest back up in rates would provide even more interest for short-dated paper. Yet while today's sale of $38BN in 3Y notes indeed saw a modest increase in yields, rising from 1.562% last…
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