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Mediocre Demand For "Tailing", 7Y Treasury

Mediocre Demand For "Tailing", 7Y Treasury

If Tuesday's 2Year auction surprised to the upside thanks to trading rather special in repo, and yesterday's 5Y auction was poorly received with no repo tightness, then today's 7Y auction of $28 billion in Treasuries was set to be the most disappointing of all, after it was trading at a generous +0.50% in the repo market.

And, predictably, when today's 7Y printed at 2.197%, the lowest yield since October (if above the previous six auction average of 1.883%) it tailed the WI of 2.196% by 0.1bp, as once again there were few overhanging shorts to squeeze.

NASA Has Discovered 7 Earth-Like Planets Orbiting Nearby Star

NASA astronomers have discovered seven Earth-size planets around a nearby star, some or all of which could harbour water and possibly life. The exoplanets were spotted around a small, faint star in the constellation of Aquarius called called Trappist-1, less than 40 light-years from Earth, or 235 trillion miles away. Three of the planets found appear to host surface temperatures capable of sustaining liquid water and, therefore, oceans. The discovery has raised hopes that the hunt for alien life beyond the solar system could start much sooner than previously thought.

Police Probe Whipping Of FoxHunt Protester By Royal Godmother

Princess Eugenie’s godmother Lulu Hutley is facing a police investigation after a leaked online video shows her allegedly whipping a male foxhunt protester with a riding crop. Lulu Hutley, 56, a hunt master of the Surrey Union Hunt, is seen in a video posted on Facebook by a group calling itself the Guildford Hunt Saboteurs, brandishing a whip aimed at a protester.

Chinese Customer Beheads Restaurant Owner

A Chinese customer at a noodle restaurant in central China beheaded the owner for allegedly overcharging him 3 Yuan (44 cents) for three bowls of noodles. Shanghaiist reports: The incident occurred on Saturday in Wuhan, the capital of Hubei province. After slurping down three bowls of noodles a 22-year-old migrant worker surnamed Hu claimed that the shop owner had overcharged him 1 yuan per bowl.

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