Rush for 10-year Treasury paper
Investors bypassed Wall Street dealers and were record-sized buyers of 10-year Treasury debt on Wednesday at the lowest yields for a government bond auction.
In a historic Treasury auction result, the $21bn sale of 10-year paper arrived at the lowest recorded regular auction yield of 1.459 per cent, just above June’s all time low of 1.44 per cent for the benchmark issue.
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