Outcomes of the US public sale of $58 billion in three-year notes.
- Prior was 4.256%
- Bid to cowl vs 2.60 prior
Bonds have been bid at the moment with yields down 5-6 bps throughout the curve forward of a pivotal CPI report nonetheless this 2 foundation level tail is pushing within the different route.
It is robust to guess whether or not that is excessive provide or angst forward of CPI.
This text was written by Adam Button at www.forexlive.com.
