- Prior was 4.898%
- Bid to cover at 2.41 vs 2.66 prior
Heading into the auction, US 2-year yields were 22 bps above the post-CPI low from May 16.
This 1 basis point tail isn’t going to help the risk mood and we have more supply coming at 1 pm ET with the $70 billion five-year sale.
This article was written by Adam Button at www.forexlive.com.
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