US 30-year sale up next
The long bonds are trading at 2.820% in the when-issued market on the bid side. Yesterday's 10-year sale was soft. It was be a shock to see that same kind of weakness today, given that 30-year yields are down just 0.7 bps on a day with stocks getting beaten up.
The last sale went off at 2.936% with a bid to cover at 2.31.