Soft auction pushing up yields
– Bid to cover at 2.40 vs 2.72 prior (lowest since March 2009)
Benchmark 10s are 1 bps higher after the results. Going into the auction, the market began to loosen up as stocks finally found a bid.
Forex – financial instrument.Forex news
Soft auction pushing up yields
– Bid to cover at 2.40 vs 2.72 prior (lowest since March 2009)
Benchmark 10s are 1 bps higher after the results. Going into the auction, the market began to loosen up as stocks finally found a bid.