Results of the $27 billion bond auction

US 30 year yields
  • Prior was 1.825%
  • Bid to cover at 2.18 vs 2.47

The one basis point tail has pushed yields up and helped USD/JPY tick higher.

The chart above is 30s and you can see yields ticking lower until the auction on risk aversion. They're now climbing higher. They challenged 2% last week but could break above.