ZeroHedge notes the Treasury's 'Non QE' buyback action is occurring hours before what would be the highest-yielding 20-year auction on record, with TBAC expected to explain its rationale at the next QRA in three months.
ZeroHedge08/19, 08:29 PM
- 20Y
- three months
Figures as quoted by ZeroHedge
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The when-issued 20-year US Treasury yield stood at 5.460% ahead of a $13 billion auction.