tyb
chek't ^^
Foreign Buyers Flood 2Y TSY Acution Which Prices At Lowest Yield Since Feb 2014
In what may be one of the last normal Treasury auctions before the US has to prefund trillions and trillions in stimulus funds, moments ago the Treasury sold $40BN in 2 year paper, at a yield of just 0.398%, far below the 1.189% last month and the lowest since Feb 2014 when the US was back at ZIRP, and ahead of the Fed's failed experiment at renormalizing.
The high yield of 0.398% tailed the When Issued 0.39% by 0.8bps, the third consecutive tail, and was a whopping 80bps below the February 2020 auction.
The Bid to Cover dropped to 2.362 from 2.454, the lowest since Dec but generally in line with the recent range.
Meanwhile, the internals were stellar with Indirects suring, and taking down 55.20%, up sharply from 46.2% and the highest since September, and as Directs dipped modestly from 9.31% to 8.55%, Dealers ended up taking down 36.3%, down from 44.5%. Like we said, this is one of the last "normal" auctions as the next few months will see an unprecedented ramp up in new Treasury issuance as all those trillions in bailout funds have to paid somehow, and very soon it will not only be the Fed printer that does "brr", but so will the US Treasury which will be printing debt just as fast.
https://www.zerohedge.com/markets/foreign-buyers-flood-2y-tsy-acution-which-prices-lowest-yield-feb-2014
not done with them either. Shove all the shitty debt into it
Stock market live updates: Dow up 1,500, hope for a stimulus deal, gold surging
Au +60.60 +3.91%
Ag +0.98 +7.35%
1:28 pm: Lawmakers edge toward deal on $25 billion in cash coronavirus aid for airlines
Lawmakers on Capitol Hill were close to a deal that would include $25 billion in grants for airlines struggling from the impact of the coronavirus, a person briefed on the discussions said Tuesday. The aid would be a resounding victory for airlines, their lobbyists and the labor unions that argued loans alone would not be enough to preserve jobs. Airline shares surged on news that lawmakers were nearing a deal. In early-afternoon trading, American was up 33%, United rose 23% and Delta was nearly 20% higher. — Josephs
1:22 pm: Jobless claims will be north of 3 million for last week, Morgan Stanley says
Morgan Stanley predicts 3.4 million people filed for unemployment last week, the firm’s chief U.S. economist, Ellen Zentner, said on “The Exchange.” “That’s a one-week number … That’s incredible,” she said. “What we’re now focused on is what the shape of growth will look like on the other side of that as the social distancing measures start to recede.”
https://www.kitco.com/charts/livegold.html
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.marketwatch.com/investing/index/dxy
U2 _68-10336 up from Skunkworks at 60k feet over death valley
>Not sure which side this guys working for yet…
not asking to keep that one at top… it's just there. It will not get baked. It's not in the list of notables to be baked
keep up faggot
not enough people even know who she is outside of here.
ding…ding