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Huge bid in appears at US 10-year auction

Huge bid in appears at US 10-year auction

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Adam Button
11/01/2017 | 18:04 GMT

Results of the 10-year reopening

  • Sells at 2.342% vs 2.363% WI
  • +2 bps stop through
  • Bid-to-cover at 2.580 vs 2.390

Very strong auction on high indirect bids. That will likely further weigh on USD/JPY and may signal a short-term top in yields.

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