Fundamental Analysis Posted 1 hour ago

US Treasury Sells $13B in 20-Year Bonds at 4.927% Yield

News
The US Treasury auctioned $13 billion in 20-year bonds at a high yield of 4.927%, one basis point below the pre-auction WI level. Bid-to-cover came in at 2.75x versus a 2.65x average, with strong international demand at 73.2% — well above the 64.9% average. The auction was graded A-. The strong foreign demand and below-expected yield are mildly USD-supportive, signaling overseas appetite for US debt. USD/JPY and EUR/USD are the pairs most likely to react, as yield differentials remain a key driver for dollar positioning.
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