US sells 30-year bonds at 1.910% vs 1.928% WI

Author: Adam Button | Category: News

Results of the 30-year reopening

bond yields
Strong auction results for the second day. There's been an immediate further fall in USD/JPY to a session low of 109.68. Rates across the curve are at the lows of the day

  • Bid to cover at 2.49 compared to six-auction average of 2.36
  • Dealers took 13.1% vs. a 18.0% avg
  • Directs claimed 17.2% vs. a 18.5% avg
That's a nearly 2 bps stop through, which is a hefty miss at the long end. There was strong selling in bonds to start the week, perhaps on a supply concession but it's totally reversed now.

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