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US set to sell 10-year notes at the highest yield since 2007

The US will reopen the latest sale of 10s in an auction today and it's sure to feature the highest yield since 2007.The cash market is trading at 4.29% and that's a pretty good idea of where this one will land. BMO thinks it could undershoot, which might weight on USD/JPY:It’s going to be the highest yielding auction since 2007 which should ensure a decent backstop of dip-buying demand – especially considering we’ve begun to see more consistent evidence of the lagged influence of monetary policy... Read More

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Sell

10 Year

Notes

Highest

Yield

Since

2007

10 year

Forex

Posted: Sep 12 2023, 16:57

Author Name: forexlive

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