US sells 7-year notes at 4.212% vs 4.232% WI

29/08/2023 | 17:11 GMT

2 basis point stop through

The US sale of $36 billion in 7-year notes met strong demand as bonds are bid on recession worries and expectations the Fed is at the end of the rate hiking cycle.

The bid weighed further on yields and USD/JPY.

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