Mediocre 30Y Auction Tails Due To Lack Of Short Squeeze

30Y OTR +0.45% in repo today. Don’t expect squeeze, auction may tail

— zerohedge (@zerohedge) March 9, 2017 / by Tyler Durden / Mar 9, 2017 1:18 PM

After yesterday’s blockbuster auction, today’s sale of $12 billion 30Y paper appeared precarious, because unlike the physical shortage of 10Y in the repo yesterday, there was no problem with finding ultra long-dated paper in the repo market today, something we warned about earlier today.


Read more ... source: The Bitcoin Channel

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