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$11 bln long bonds sold at 4.30%

By   || July 9, 2009 at 17:05 GMT
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A decent 30-year bond auction brings to an end this week mini-refunding. The market absorbed another $72 bln, and did it at lower yields, indicating demand for fixed income is strong.

EUR/USD was easing heading into the auction results and continues to di so, now at 1.4038. These levels should provide some modest support as should the 1.4005/10 area.

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