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Strong 7 Year Auction, Near-Record Indirect Bidders Concludes Weekly Issuance

Strong 7 Year Auction, Near-Record Indirect Bidders Concludes Weekly Issuance

While not nearly as impressive as this week's preceding 2- and 5-Year auctions, both of which saw whopping central bank demand and record low Dealer awards, today's 7 Year belly of the curve auction showed continued strong demand for US paper in what is rapidly becoming the most "liquid" market, that of primary issuance.

The high yield of 1.652% stopped through the When Issued 1.659% by 0.7 bps, the third consecutive "stopping through" auction in a row.

The bid to cover of 2.573 was modestly lower than last month's 2.652, but was above the TTM average of 2.49.

Corey Feldman Would Love To Name Hollywood Paedophiles

Actor Corey Feldman has claimed that paedophilia is a prevalent problem in Hollywood and that he’d ‘love to name names’ “But unfortunately California conveniently enough has a statute of limitations that prevents that from happening. Because if I were to go and mention anybody’s name I would be the one that would be in legal problems and I’m the one that would be sued.” he said. The 44-year-old best known for his roles in The Goonies and The Lost Boys, reiterated Elijah Woods’ recent warnings about child sex abuse in Hollywood.

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