August 21, 2024 at 06:02PM
Prior was 4.466%
Bid to cover at 2.54 vs 2.68 prior
Bonds were bid ahead of the sale but there was a small concession in the 15 minutes beforehand. That put the market in a good spot as there is no real surprise here. In the bigger picture though, it shows real demand at yields much lower than last month.
This article was written by Adam Button at www.forexlive.com.
US sells 20-year bonds at 4.160% vs 4.161% WI