Treasury managed to sell $24 BILLION in 30 year Treasury bonds. The high yield rate was 2.32%.
The result? The 30Y-2Y Treasury slope declined along the the 10Y-2Y slope.
Good news for the already blistering housing market.
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30Y Treasury Auction So Good It Drives Down 30Y Yields And The 30Y-2Y Yield Curve (Mortgage Rates Dropping)