US sells 7-year notes at four.183% vs four.197% WI
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- Prior was four.215%
- Bid to cowl at 2.71 vs 2.74 prior
The bond market is not having an issue digesting some severe provide this week forward of Thanksgiving. Within the aftermath of the sale, long-dated yields are on the lows of the day with 10s down 5.2 bps to four.25%. There’s some follow-through in USD/JPY as nicely.
This text was written by Adam Button at www.ubaidahsan.com.
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