US sells 20-year notes at 1.657% vs 1.643% WI
Read full post at forexlive.com
Results of the 20-year sale
- Prior was 1.470%
- $24B for sale
That’s a big tail and could be what breaks the bond market out of its consolidation. If so, USD/JPY longs aren’t a bad place to be.
Last week we had two very strong auctions and now this is a weak one. It’s tough to get a sense of where this is going.