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>> MILK Latest News

NOV 13, 2013 - Zero Hedge

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UST 10yr Auction Post Mortem

The UST market grinded higher today, right into the 1pm (ET) 10yr auction. The 10yr auction came at the EXACT high print of the day on the current 10yr note @ 2.75%.   This is uncommon for a low volume day (i was expecting a tail...instead the auction came on-the-screws, at the high of the day). Typical trading volumes for a 10yr auction day are around 450bln 10yr equivs. Today we are at 240bln 10yr equivs (asof 1pm), and on target for a 360bln 10yr equiv day...so on track for an 80% volume day. The USD index (DX) was weak today, which typically creates strength for US Treasuries. This ... Read More

Tags: UST 10yr Auction Post Mortem,  Milk Latest News