50 sats \ 1 reply \ @Bell_curve 14 Apr freebie \ parent \ on: Can a Treasury Auction Fail? econ
The tail is the high yield minus the bond’s when-issued yield
Positive tail means weaker than expected demand
Larger positive tail means worse auction
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10 sats \ 0 replies \ @grayruby 14 Apr
High yield = low price paid but thanks for clarifying the when issued part.
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