Results of the $26 billion bond sale
That’s a big miss and will put the steepener back in vogue. It’s also good for USD/JPY on foreign demand.
Demand was strong in yesterday’s 10-year sale but you can’t blame anyone for not wanting to lend to the US government at 1.378% for 30 years.

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Search Web: US sells 30-year bonds at 1.406% vs 1.378% WI

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