Japanese Yen Gains After Strong Demand at 2-Year Treasury Auction, Where to?
Japanese Yen, USD/JPY, 2-Year Treasury Auction, US GDP – Asia Pacific Market Open: Japanese Yen gained as the 2-year Treasury yield weakened Local bond auction showed demand was highest since 2020 USD/JPY remains focused lower after October trendline held Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Asia-Pacific Market Briefing – Japanese Yen Gains […]
US treasury auctions off $43 billion a five year notes at a high yield of 3.53%
WI level at the time of the auction 3.554% Auction Grade: A Once again, the international demand comes to the rescue taking 11% more than the 6 month average. The Domestic demand was marginally lower. Dealers have a low 8.8% of the leftovers. Bid Bid In a market, a bid is a price at which […]
Why This Debt-Ceiling Fight Is Different by Jeffrey Frankel
As Washington gears up for yet another political showdown over raising the federal debt limit, congressional Republicans are clearly hellbent on letting the US government default on its obligations. Unfortunately, allowing the GOP to drive the US economy off a cliff may be President Joe Biden’s best option right now. CAMBRIDGE – The United States […]
U.S. Treasury auctions of $18 billion of 30 year bonds at a high yield of 3.585%
WI level came in at 3.609% just ahead of the auction. High-yield 3.585% WI level at the time of the auction 3.609% Tail -2.4 bps vs six-month average of -0.2 basis points Bid to cover 2.45X versus six-month average of 2.37X Directs (measure of domestic demand) 16.33% vs. six-month average of 19.0% Indirects (measure of […]
U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977%
High-yield 3.977% versus WI level of 4.000% at the time of the auction tail -2.3 basis points. bid to cover 2.84X versus six month average of 2.52X directs 13.2% versus a six month average of 19.3% indirect 69.5% versus six month average of 59.2% primary dealers 17.3% versus six month average of 21.5% The only […]