10-year sale tails by 1.1 basis points
The US Treasury sold 10-year notes at 2.811% compared to 2.800% expected on the bid side in the WI market.
The bid-to-cover at 2.34 was also lower than 2.69.
I think bond shorts are looking awfully attractive at the moment. There was hardly a blip on the radar during the VIX-termination.
