At $25 billion, this was a record-sized bond public sale and the second dose of long-dated provide this week. Yesterday’s 10-year sale was digested nicely and yields rose 7 bps at the moment forward of the 30-year public sale.
Nonetheless the demand on the sale was wholesome and benchmark 30s are rapidly all the way down to 4.35% with the remainder of the curve additionally shifting down round 2.5 bps in sympathy. The US greenback can also be down on the kneejerk.
- Bid to cowl 2.40 vs 2.37 prior
This text was written by Adam Button at www.forexlive.com.