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September 01, 2020 10:27am
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10Y Yield Drops To Session Low After Subpar, Tailing 20Y Auction Could Have Been Far Worse

Overall, this was a poor auction but it could have been much worse, and the market seems to agree: after initially spiking on the news of the auction, the 10Y yield has since dipped back to session lows just above 1.60%.
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