US dollar bond deco
  • Prior was 4.342%
  • Bid to cover 2.52 vs 2.60 prior

The notes were trading at 4.428% in the 'when issued' market so this is a 0.7 bps stop through. Today's CPI report certainly helped demand for bonds and 10-year OTR yields are now down 5.6 bps on the day to 4.418%. There has been a small amount of USD selling on this as well.

Source: Forex Live