The article is half right in its comments. The following is wrong:
But the “glass is half empty” crowd see something much more ominous in this sale. There were not sufficient buyers to push up the demand so that yield is virtually nothing.
What really happens is that if not that many buyers to push up the demand, the yield goes up not down. That is because the issue ends up being discounted until it is sold. Higher yields would attract more buyers.
