30Y Treasury Auction So Good It Drives Down 30Y Yields And The 30Y-2Y Yield Curve (Mortgage Rates Dropping)

by confoundedinterest17

Treasury managed to sell $24 BILLION in 30 year Treasury bonds. The high yield rate was 2.32%.

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The result? The 30Y-2Y Treasury slope declined along the the 10Y-2Y slope.

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Good news for the already blistering housing market.

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