Results of the 30-year bond sale

  • Prior was 2.320%

That's trouble. This was a $27B sale and that's a lot of bonds to swallow after you just saw a 0.9% m/m rise in core inflation. Equities slipped lower and the US dollar higher (particularly USD/CAD) after this sale.

Given the size of the tail though, I'm surprised the move isn't larger.