US sells 2-year notes at 4.898% vs 4.904% WI ...Middle East

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Earlier today it looked like these notes could sell above 5% but some strong bids arrived in the fixed income market after today's weaker US PMIs from S&P Global.Bid to cover at 2.66 vs 2.62 priorPrior sale was 4.595%USD/JPY has slumped back lower on the heels of the auction. This article was written by Adam Button at www.forexlive.com.

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