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Weak Buyback and Strong Auctions: Bullish Signals for Bonds
Gilts & Bonds

Weak Buyback and Strong Auctions: Bullish Signals for Bonds

Last Thursday’s Treasury buyback operation was deemed “weak” in the financial media as it bought back just $5.19 billion, less than the $6 billion investors had anticipated. A buyback succeeds only if current bondholder…

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