In many ways, the just concluded sale of $34 billion in 5Y paper was a carbon copy of yesterday's 2Y auction.
Just like yesterday, the auction tailed modestly, and pricing at a yield of 1.95%, today's auction was 0.5% bps wide of the 1.945% When Issued. This was the third consecutive tail in a row for this tenor, and while the high yield rose from last month's 1.931% it was well below the 2.06% yield of the December 2016 auction.
A mother from Texas has revealed how her young daughter was almost snatched by a pedophile ring, whilst they were out shopping for groceries. A post by Amanda Cropsey Florczykowski, detailing how her two-year-old daughter was almost snatched [...]
After last month's stellar 2 Year auction, today's issuance of $26 billion in 2 year paper was a bit of a let down, printing at a yield of 1.261%, or a 0.1 bp tail to the 1.260% When Issued. The lack of a squeeze into the auction is perhaps the result of the lack of any 2Y specials in repo, where the OTR was trading comfortably, or 0.50% in the positive range. The yield was higher than last month's 1.23%, if below the 1.28% from December.
Perhaps even more brazen than the infamous theft of a bucket full of gold woth $1.6 million from an armored truck in broad daylight in Midtown Manhattan last September 29, moments ago local German press has reported that thieves broke into Berlin's Bode Museum and made off with a massive 100-kilogram (221-pound) gold coin worth millions.
Dramatic footage of an Oklahoma cop running over a female fugitive using his patrol car sent shockwaves across the internet last week after Tulsa police released disturbing dashcam footage. In the footage, a Tulsa cop is [...]