Loading ...[option alert=never seen 2000 calls bought on any QID call before eve-2009 volume on the Dec 18th 2020 call so far today]
After two mediocre, record big coupon auctions in the Treasury shortened week on Monday, moments ago the Treasury concluded the week’s abbreviated issuance schedule with the sale of another record large auction when it had no difficulty finding buyers for $56BN in 7Y paper, the most on record and double the average 7Y auction size since 2010.
The auction stopped at a high yield 0.653%, which was the highest since March (and decidedly above October’s 0.600% auction), but due to the selloff in the rates complex, the auction had built up enough of a concession and it stopped through the When Issued 0.657% by 0.4bps.