{"id":1427307,"date":"2023-09-13T17:28:50","date_gmt":"2023-09-13T21:28:50","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1427307"},"modified":"2023-09-13T17:28:50","modified_gmt":"2023-09-13T21:28:50","slug":"tailing-30y-auction-prices-at-highest-yield-in-12-years-as-foreign-buyers-flee","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/tailing-30y-auction-prices-at-highest-yield-in-12-years-as-foreign-buyers-flee\/1427307\/","title":{"rendered":"Tailing 30Y Auction Prices At Highest Yield In 12 Years As Foreign Buyers Flee"},"content":{"rendered":"

Tailing 30Y Auction Prices At Highest Yield In 12 Years As Foreign Buyers Flee<\/span><\/p>\n

\n

After one subpar 3Y auction, and one average 10Y auction, we closed out the week’s coupon issuance with a 30Y auction that, like this morning’s CPI, was mixed, with a solid bid to cover, offset by a modest tail, a big drop in indirect demand, and the highest yield in over 12 years.<\/p>\n

The auction stopped at a high yield of 4.345%, up from 4.189% in August, and the highest yield since May 2011; it also tailed the When Issued 4.335% by 1 basis point, the third consecutive tail.<\/p>\n

The bid to cover was 2.461, above last month’s 2.418 and the highest since June; it was also above the six auction average of 2.418%.<\/p>\n

The internals were weaker, with foreign buyers awarded just 64.5%, the lowest since December 2021. And with Directs taking down 19.7%, or roughly in line with the recent average of 19.1%, Dealers were left holding 15.6%, the highest since February to cover the shortfall of foreign buyers who pulled back.<\/p>\n

Overall, this was a mixed auction, which could have been better but was certainly good enough, and has helped pushed 10Y yields near session lows.<\/p>\n

<\/a><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 09\/13\/2023 – 13:28<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/tailing-30y-auction-prices-highest-yield-12-years-foreign-buyers-flee<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Tailing 30Y Auction Prices At Highest Yield In 12 Years As Foreign Buyers Flee After one subpar 3Y auction, and one average 10Y auction, we…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1427307","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-5Zj5","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1427307"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427307\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1427307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1427307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1427307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}