That’s a seriously strong auction in the 30yr reopening. USD/JPY coming off in sympathy.
US 30 year yield
Bid-to-cover was at 2.69 vs 2.09 previously. The market was caught wrong-footed by the miss in yesterday’s 10-year sale.
Update: Now the dollar cracks as the auction and a weak day in the stock market break 101.80 in USD/JPY.
