Business
US sells 2-year bonds at 4.898% vs. 4.904% WI
Earlier today it looked like these bonds might sell above 5%, but strong bids came into the fixed income market after weak US PMIs released today by S&P Global.
- Coverage offer at 2.66 compared to 2.62 previously
- Previous sale was 4.595%
USD/JPY fell following the auction.
This article was written by Adam Button at www.forexlive.com.
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