US sells 10-year notes 4.289% vs 4.289% WI

<ul><li>Prior was 3.999%</li><li>Bid to cover 2.52 vs 2.56 prior</li></ul><p>This is the highest yield at auction since 2007 but it was exactly what was priced in the when-issued market. There was some talk of real money bids but they didn't materialize so there might be some disappointment, pushing yields higher and potentially USD/JPY with it.</p>

This article was written by Adam Button at www.forexlive.com.