Silver as an investment

$20 Billion In 10Y Paper Prices “On The Screws”

zerohedge.com / by Tyler Durden / Oct 12, 2016 1:11 PM

Following the stronger than expected 3Y auction, moments ago the US Treasury completed today’s second bond auction, when it sold $20 billion in 10Y paper, which priced “on the screws” at 1.793%, or right on top of the When Issued, and modestly above September’s 1.699%. Just like in today’s earlier auction, the Bid to Cover rebounded to 2.53 from last month’s 2.35.

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