Ugly 10Y Auction: Foreign Demand Plummets, Directs Soar, Resulting In Biggest Tail Since February

Ugly 10Y Auction: Foreign Demand Plummets, Directs Soar, Resulting In Biggest Tail Since February After a subpar 3Y auction on Monday, today's 10Y auction - which followed another hot CPI print - was downright ugly.Let's start at the top: the high yield of today's auction was 5.020%, which hit just as yields hit the…

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