tybs
not until too late so habs to keep it slow.
Moar me that can't stand it.
Last one used to go out to the big rock and bake when it was over 100.
Always out with them and never let it go for very long.
But then got that look when time was up.
Yields Hit Session High After 20Y Auction Tails Most Since February
Just days after a handful of ugly (if not that ugly) coupon auctions hit the tape, moments ago the Treasury sold the last coupon issuance of the week when it priced another $24BN in 7 year paper in the form of a 19Y-10M reopening of Cusip SY5.
The auction was ugly: with a high yield of 1.890%, it was lower than last month's 2.12% which is to be expected following the recent plunge in yields, but despite today's continued move wider in yields, the auction still tailed the When Issued 1.878% by 1.2bps, the biggest tail since Feb.
The bid to cover dropped from 2.40 in June to 2.33, right on top of the six-auction average. The internals were average: Indirects took doown 60.2%, down from 62.1% last month, if above the recent average. And with directs also sliding from 20.4% to 18.9%, Dealers were left holding 20.9%, which was above June's 17.5% but below the average of 20.9%
Overall, a slightly disappointing auction if hardly catastrophic, and while 10Y yields hit session highs right after the details printed, the benchmark has since retraced its losses and was unchanged since before the auction.
https://www.zerohedge.com/markets/yields-hit-session-high-after-20y-auction-tails-most-february
PM Suga to meet with U.S. first lady Jill Biden Thurs.
Japanese Prime Minister Yoshihide Suga will meet with U.S. first lady Jill Biden on Thursday as part of a string of bilateral talks with world leaders and other foreign dignitaries attending the opening ceremony of the Tokyo Olympics, the Foreign Ministry said Wednesday.
The wife of U.S. President Joe Biden is visiting Japan to lead the American delegation at the National Stadium on Friday. Suga will welcome Jill Biden at Akasaka Palace, a neo-baroque state guest house originally built as the crown prince's residence in 1909. Suga will also meet separately with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene and Tedros Adhanom Ghebreyesus, director general of the World Health Organization, the ministry said.
Leaders from around 15 countries and international organizations are slated to attend the opening ceremony, Chief Cabinet Secretary Katsunobu Kato told a press conference, down from the roughly 40 that attended the same event for the Rio de Janeiro Olympics in 2016.
The government's top spokesman said about 70 Cabinet-level officials are also set to visit Japan, while adding that the number of foreign VIPs in attendance could remain in flux until the last minute. French President Emmanuel Macron is among the world leaders who have announced their attendance, while South Korean President Moon Jae In said he will not visit.
https://english.kyodonews.net/news/2021/07/195253971d11-around-15-world-leaders-to-attend-tokyo-olympics-opening-ceremony.html