Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand

Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7).  The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. The bid to cover rose from 2.402 to 2.565, well above the six-auction average...