Today's two-year US Treasury sale was a bit of a gut-check moment for the fixed income market. It was the first test of real-demand at sub-4% yields in this environment. The $69 billion was a big amount to swallow and European fixed income was soft today.But the demand was there, proven by a 0.6 bps stop through compared to the when-issued market and a yield at 3.874% compared to 4.434% just a month ago. Initially, the market was stagnant but yields have now pressed lower in a sigh of relief.With that, the US dollar is under fresh pressure and USD/JPY in particular is lower, now down 55 pips on the day to 143.95.The euro has just gotten a fresh bid and run some stops too, up to 1.1181.
Hence then, the article about us dollar falls to session lows after strong two year auction usd jpy below 144 00 was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( US dollar falls to session lows after strong two-year auction. USD/JPY below 144.00 )