US 10-year reopening tails
The US 9-year, 10-month note reopening sold at 1.516% compared to 1.508% in the when-issued market shortly before the sale.
The bid to cover at 2.33 was also weak compared to 2.70 last time around. Ten years had fallen as low as 1.32% last week but have stormed back along with everything else.
