10Y Yield Drops To Session Low After Subpar, Tailing 20Y Auction Could Have Been Far Worse
November 17, 2021 at 13:25 PM EST
Overall, this was a poor auction but it could have been much worse, and the market seems to agree: after initially spiking on the news of the auction, the 10Y yield has since dipped back to session lows just above 1.60%.