Results of the American auction of 58 billion dollars of three-year bonds.
- Before was 4.256%
- Bid to cover versus 2.60 previously
Bonds were bid up today, with yields down 5-6 basis points across the curve in anticipation of a crucial CPI report, but that tail of 2 basis points pushes in the other direction.
It’s hard to guess whether this is a high bid or anxiety as the CPI approaches.
This article was written by Adam Button at www.forexlive.com.
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