A fresh 10 year auction ended around the time TLT took off. Here were the wildly bullish results for the auction (maybe not so bullish for the market).
It was a $24 bb 10 year auction that came in at the second lowest yield EVER at 2.02%, the bid to cover was also the second highest at 3.53 and most incredible, indirect bidders (foreign governments mostly) came in with a take down of 61.9% of the auction compared to the last at 41.6% which is also the second highest on record.
Lets see what the f-e-d has to say in a few minutes...
5 years ago
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