Highlights of the $21 billion sale of 9-year, 10-month notes.
The when-issued bid was 2.710% ahead of the sale so there was a 1 basis point tail. That’s good news for the US dollar as it will help to boost yields. The bid to cover at 2.76 was also close to the average of the past few auctions.
USD/JPY moved up a couple pips on the headlines. A 30-year sale goes tomorrow.