For three consecutive days, Treasury auctions show US bond demand has dropped sharply with
Dealers have to step in to provide more liquidity
Tail levels for High Yield in all 3 auction sessions
MARKET DAILY
Market 04/11: 30Y T-bond auction continues to fail despite favorable PPI report
US wholesale inflation (PPI) for March increased lower than expected. Continuing jobless claims last week rose to the highest level in over 2 months.
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