Results of the May 11, 2017 $15 billion US Treasury bond auction
- The bonds were trading at 3.040% on the bid side in the when-issued market before the sale
- Prior was 2.938%
- Bid-to-cover 2.19 vs 2.23
A tale of three tails. No reaction in USD/JPY but tails on Tuesday and Wednesday put a bid under the pair.