Earlier today it looked like these notes could sell above 5% but some strong bids arrived in the fixed income market after today’s weaker US PMIs from S&P Global.
- Bid to cover at 2.66 vs 2.62 prior
- Prior sale was 4.595%
USD/JPY has slumped back lower on the heels of the auction.
This article was written by Adam Button at www.forexlive.com.
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