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US treasury sells $40 billion of seven-year notes at a excessive yield of three.859%

  • WI degree on the time of the public sale 3.835%
  • Excessive-yield 3.859%
  • Tail: +2.4 foundation factors
  • Bid to cowl 2.5X. The final choice got here in at 2.44X
  • Oblique’s 63.7 which was the weakest since March
  • Directs 19.37%
  • Sellers 16.19%

Not a very sturdy public sale. Rick Santelli on CNBC gave him a grade of D+.

US shares dipped a little bit bit after the report however bounced again. Main indices are nonetheless up marginally (0.14% to 0.18%). The S&P indexes inside about 8 factors it is all-time excessive closing degree. The Dow Industrial Common is on tempo to shut at one other file degree.

General, US yields are at file larger across-the-board:

  • 2-year 4.280%, +3.9 foundation factors
  • 10 yr 3.846% +5.7 foundation factors
  • 30-year 3.987% +4.2 foundation factors

The EURUSD is buying and selling to new lows and approaches is 100 hour transferring common at $1.10458.

EURUSD strikes to a brand new low

USDJPY is testing the low of a swing space between 141.41 and 141.61.

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