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US sells 30-year bonds at 4.189% vs 4.175% WI

US sells 30-year bonds at 4.189% vs 4.175% WI
Highest yield of the cycle (beats Nov 2022 at 4.08%)Bit to cover at 2.42 vs 2.43 priorThe 1.4 basis point tail is not a good sign for the fixed income market. I thought the 4% handle might pull in bids but the history of tails at new issues was too much to overcome.The follow-through so far has been minimal but it bears watching carefully."The post-CPI kneejerk rally in Treasuries was largely faded with rates little changed on the day in the run-up to 1pm. Since the result, we've seen a modest s... Read More
Posted: Aug 10 2023, 17:02
Author Name: forexlive
Views: 092039

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