2 yr auction fine as yields move higher
By Peter Boockvar - February 21st, 2012, 2:14PM
The 2 yr auction was line with the various metrics but at a yield that is the highest since late October at .31%. It’s still anemic of course but coincides with a recent general rise in rates across the yield curve as the US economy hangs in, implied inflation expectations rise in the TIPS market and European debt issues have been tempered by the Greek deal and the ECB’s LTRO.
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