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Bonds bleed after a weak auction, USD/JPY climbs higher

Bonds bleed after a weak auction, USD/JPY climbs higher
Bill Ackman no doubt cheered on the result of today's 30-year auction. He advertised a bond bearish bet last week and price action hasn't been great for him so far.That might have changed with weak demand at a $23 billion sale of 30s at an auction today. It tailed by 1.4 bps and that has set off a fresh round of selling.The price action has extended across the curve with yields up 6 bps starting with 5s.It's also extended into USD/JPY, which is breaking out to a one-month high and within striki... Read More
Posted: Aug 10 2023, 17:40
Author Name: forexlive
Views: 022216

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