Results of the 30-year Treasury auction:
- Weak auction
- 29-year 11 month reopening
- Bid to cover at 2.18
The higher yield than expected is good news for the US dollar as yields are presently in no danger of following German long bonds down the drain.
The higher yield than expected is good news for the US dollar as yields are presently in no danger of following German long bonds down the drain.
