- Prior was 4.215%
- Bid to cover at 2.71 vs 2.74 prior
The bond market isn’t having a problem digesting some serious supply this week ahead of Thanksgiving. In the aftermath of the sale, long-dated yields are at the lows of the day with 10s down 5.2 bps to 4.25%. There is some follow-through in USD/JPY as well.
This article was written by Adam Button at www.forexlive.com.
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