Results for the $35 billion 10-year reopening
- Prior was 0.677%
- Bid to cover at 2.3 vs 2.41 prior
This was a record size for a 10-year reopening, up $6 billion from July in a sign of just how much debt the US is issuing. The 0.8 bps tail is turning into a trend as there have been several soft auctions in the past two months.
USD/JPY hasn't moved on the results but sits just below the highs of the day.
