Results of the sale just after the 1 pm ET deadline.
- Prior was 4.169%
- Bid to cover 2.66 vs 2.56 prior
I thought we might see a 4-handle but the combo of the soft consumer confidence data today and worries about tariffs knocked it through the figure. If we get a tolerable tariff solution and some pickup in economic data, this could be the last sale below 4% in awhile.
This article was written by Adam Button at www.forexlive.com.
