Prior was 4.327%Bid to cover 2.61 vs 2.58 prior
This is the third auction this week and the tie-breaker. The 2-year sale tailed and the 5-year sale stopped through.
With another strong one here (and perhaps some quarter-end demand) US yields are lower by 3 to 4.5 bps across the curve and at the extremes of the day.
This article was written by Adam Button at www.forexlive.com.