Ahead Of The Fed: Strongest Demand For 2Y Paper Since 2015
July 25, 2017 at 15:28 PM EDT
The Treasury sold $26bn in 2 year paper to what was clearly an overabundance of demand: the high yield of 1.395% stopped through the When Issued 1.401% by 0.6 bps, and was the highest yield going back to October 2008.
