Results of the US auction of $58 billion in three-year notes.
- Prior was 4.256%
- Bid to cover vs 2.60 prior
Bonds have been bid today with yields down 5-6 bps across the curve ahead of a pivotal CPI report however this 2 basis point tail is pushing in the other direction.
It’s tough to guess whether this is high supply or angst ahead of CPI.
This article was written by Adam Button at www.forexlive.com.
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