News

US sells 10-year notes 1.5230% vs 1.5143% pre-sale

Results of the $38 billion reopening

  • WI at 1.520% vs 1.515% on the bid/offer ahead of the sale
  • 1.5143% was the yield in the same issue ahead of the sale
  • Bid to cover 2.38
  • Prior bid to cover was 2.37

There was a pretty big bid in bonds ahead of the sale and the yield fell to the lows of the day, which is counter-intuitive to what everyone feared. The results have been lackluster and a 1 bps tail could cause some worries but when you compare it to the pre-auction move, it’s tame.

I think the market will shrug this off. Onto 30s tomorrow.

Invest in yourself. See our forex education hub.

Articles You May Like

Swing Trading Was Hard, Until I Discovered This GAME CHANGING H1 Trading Strategy
Consistent Forex Strategy[FULL] | FTMO Strategy 2021 |🔥
Supply and Demand is the BEST STRATEGY for Scalping | Here’s Why (FOREX)
The ULTIMATE Double EMA Trading Strategy (This Should Not Be FREE)
SIMPLE FOREX TRADING STRATEGY That Will Change The Way You Trade

Leave a Reply

Your email address will not be published. Required fields are marked *