Summary
- The real yield came in 19 basis points below a similar reopening auction in November 2018, just two months ago.
- The inflation breakeven rate of 1.82% was the lowest for this term since an auction in September 2017, a positive for investors.
- End result: No surprises, because the real yield came close to the Treasury’s real yield estimates of the last two days.
Sleepy, no politics, just information here. You must’ve forgotten we were told from the horse’s mouth that Iran’s nuclear weapons…