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.
Recent Posts
Categories
Related Articles
Crude Oil Technical Analysis – Testing a key resistance
Fundamental OverviewCrude oil continues to remain supported as the buyers might be...
BOE’s Mann: Policy needs to stay restrictive to purge inflationary behaviours
It is better to remain restrictive for longerWe can cut more aggressively...
Gold Technical Analysis – The fall in real yields drives the price higher
Fundamental OverviewThe Fed this week finally started its easing cycle and decided...
BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative
US economy achieving soft landing is our main scenarioIf US economy achieves...
Leave a comment