Results of the $58 billion auction

  • Prior was 0.447%
  • Bid to cover 2.36 vs 2.45 prior

The difference between last month's sale is a reminder of how quickly this move has been, even if today's yield is a tad below what the market was expecting.

There's a 10-year sale at 1 pm ET (1700 GMT) that's much more likely to be a market mover.