- Prior was 4.342%
- Bid to cover 2.52 vs 2.60 prior
The notes were trading at 4.428% in the ‘when issued’ market so this is a 0.7 bps stop through. Today’s CPI report certainly helped demand for bonds and 10-year OTR yields are now down 5.6 bps on the day to 4.418%. There has been a small amount of USD selling on this as well.
This article was written by Adam Button at www.forexlive.com.
