The US sold $13 billion 30-year notes in a reopening.
- Lowest yield since May 2013
- Bid-to-cover at 2.40 vs 2.670 prior
The result was very close to expectations so it’s unlikely to make waves.
Despite the massive sell-off in stocks, the bond market market is down on the day right across the curve. These are strange days as the market tries to get a handle on the Fed and global economy.