MARKET DAILY

Market 03/26: Successful 5Y bond auction with record value

March consumer confidence continues to decline. Durable goods orders recover in February. Home prices rise for the 12th consecutive month.

Today, the US Treasury holds the 5Y bond auction session with the highest value ever (67 billion USD)

FYI: This is the bond with optimal risk-return balance when:

Sufficiently high yield + term of only 5 years keeps risk at medium-low level.

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