The Fed’s anticipated rate hike at the next FOMC meeting is causing a stir in money markets and Treasury auctions. Monday’s $24 billion three-year U.S. note sale drew the weakest demand for the maturity since 2009, even as it yielded 1.452 percent, the highest in six years.
The post Weakest Demand For 3-Y Treasury Notes Since 2009 (Money Market Net Shorts Crash) was originally published at The Wall Street Examiner. Follow the money!