US sells 5-year notes at 4.400% vs 4.399% WI bid

  • Monday, 28/08/2023 | 22:32 GMT+5.5

The US sells $46 billion in five-year note

Prior was 4.170%

This constitutes a tail of 0.1 bps, but this minor deviation can be considered inconsequential. However, there is a gradual emergence of selling in the longer end of the spectrum today. This development might contribute to a strengthening of the dollar. Additionally, it’s worth noting that gold has already retraced fifty percent of the progress it previously made.

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