- Prior was 4.632%
- Bid to cowl 2.59 vs 2.48 prior
This was a reopening so it was a 9-year, 11-month word. There was some promoting following the cooler CPI report and that put in an sufficient concession, resulting in a barely stronger sale. The decrease yield might weigh on USD/JPY however with all of the tariff headlines, everyone seems to be on edge.
This text was written by Adam Button at www.forexlive.com.
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