US sells 10-year notes at four.347% vs four.350% WI

• Prior was four.066%
• Bid to cowl 2.58 vs 2.48 prior

Nearly everybody thought this one would tail due to election dangers however somebody confirmed up and we bought a zero.three bps cease via. I nonetheless discover it laborious to consider that can undo any pre-election angst however I consider it units up the bond marketplace for a rally tomorrow, particularly if we find yourself with a divided congress.

This text was written by Adam Button at www.ubaidahsan.com.



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