At $25 billion, this was a record-sized bond auction and the second dose of long-dated supply this week. Yesterday's 10-year sale was digested well and yields rose 7 bps today ahead of the 30-year auction.However the demand at the sale was healthy and benchmark 30s are quickly down to 4.35% with the rest of the curve also moving down around 2.5 bps in sympathy. The US dollar is also down on the kneejerk.Bid to cover 2.40 vs 2.37 prior This article was written by Adam Button at www.forexlive.com.
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