The US Treasury’s quarterly refunding will see $71 bln in coupon securities auctioned next week, raising $18.8 bln in new cash.
10-year note yields are hovering at 3.0% at present, unchanged from yesterday’s close.
EUR/USD is giving back some gains after poking into the upper reaches of its channel in early NY trade, reaching short-term overbought condition. Seems like early New Yorkers always get it wrong these days.
