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US yields doing the Fed's fight for them

The U.S. Treasury auctioned off $13 billion of 20 year notes today with strong domestic demand. The bid to cover was well above the 6 month average. Nevertheless, yields have continued to move higher and are trading near the highs for the day.A snapshot the market currently shows2-year yield 5.107%, up 4.3 basis points5-year yield 5.222% +6.0 basis points10-year yield 4.368% +5.0 basis points30-year yield 4.433% +3.8 basis points The FOMC will meet tomorrow at 2 PM, with expectations of no rate... Read More

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Yields

Doing

Fed

Fight

Them

Forex

Posted: Sep 19 2023, 20:02

Author Name: forexlive

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