Bond King Bill Gross Thinks We Have Fake Markets

#12496
Helmholtz Watson
Participant

US treasury 3 year notes auction highest yield since April 2010

Bid to cover was at 2.83x vs 2.70x last 
54.3 on indirects
7.1% on directs
Dealers take 38.6%
Bid to cover 2.83x vs 2.70x last