- 0.3 bps tail
- Bid to cowl 2.57 vs 2.50
Yesterday’s 2 foundation level tail in 5s was problematic for the entire market. Sevens are much less of a spotlight and we’re seeing a strong post-auction bids so I might say the coast is obvious. The Treasury refunding announcement subsequent Wednesday might be a spotlight.
It is insane that individuals are getting recommendation on bonds from individuals speaking about “5-year T-bills”
This text was written by Adam Button at www.forexlive.com.
