Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand | Metals Mine

  • Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand

    From zerohedge.com

    After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7). The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. chart The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25. Internals were impressive: indirects surged to 78.21% from 63.95%, which was one of the 5 highest on record; the last time we saw such feverish foreign demand was in Sept ... (full story)

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Trader#FC6C
2 hr 40 min ago
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Gold... if we take the current monthy high and predict that the price will fall by 666$ from that top, then we would have a possible support. Also Friday is the day to watch out for. 12 6 = 3 6. Another Fryday? That breakout candle on the MN chart looks very interesting. Maybe... maybe we are about to visit its high.
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