Long bond sale details
- The bonds were trading at 2.805% in the when-issued market and 2.8035% in the open market
- Bid to cover 2.23 vs 2.53 prior
A tax on the strong side but the bid-to-cover was light. Overall, it's not a big surprise but it's another reason not to expect a jump in Treasury yields
Copyright 2015 Forexlive.com