Results of the $12 billion sale of US 30-year bonds
- Prior sale was at 2.475%
- Bid to cover 2.440 (highest since July)
- Prior bid to cover was 2.130
Demand a bit stronger than the market was expecting. There's a bid for safety at these levels that's tough to shake.
I thought we might see some risk appetite after the sale and USD/JPY but with the lower yield, that's less likely.
