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US sells 10-year notes 4.610% vs 4.592% WI

US sells 10-year notes 4.610% vs 4.592% WI
Highest yield since 2007Prior was 4.289%Bid to cover 2.50 vs 2.52 priorThere hasn't been a stop-through since February so this is right on brand. There was some USD/JPY buying ahead of the sale but watch out for more because a concession was built into the sale and it still wasn't enough. Next month, the Treasury is expected to announce even larger auction sizes, which could also push yields up. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Oct 11 2023, 17:02
Author Name: forexlive
Views: 112570

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