US 10-year note auction 2.889% vs 2.890% WI bid

Results of the latest 10-year sale

  • Highest since Jan 2014
  • Prior was 2.811%
  • Bid-to-cover 3.13 vs 3.26 prior
  • This was a reopening of the Feb 10-year

A fraction on the strong side but not nearly enough to get the US dollar moving

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