Tuesday, March 29, 2011
Did Plosser and Bullard have impact on 2yr auction?
The 2 yr note auction was light as the yield was above the when issued and the bid to cover of 3.16 was below the 12 month average of 3.33 and the 2nd lowest dating back to last August. Impacting the bidding positively on one hand was likely the Japanese disaster and subsequent negative impact [...]
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