US 30-year reopening finds strong demand
A 29-year, 10-month Treasury bond sale was at the highest yield since September but it was nearly two basis points lower than expected and that pushed yields lower across the curb.
The bond rout is now clearly on hiatus.
So far, global sovereigns are moving in tandem and that's why the FX market hasn't taken any particular notice. But if this proves to be a stall and if the problems in the Greek deal are real, then the euro is vulnerable.
