US sells 7-year notes at 4.212% vs 4.232% WI

<p>The US sale of $36 billion in 7-year notes met strong demand as bonds are bid on recession worries and expectations the Fed is at the end of the rate hiking cycle.</p><p>The bid weighed further on yields and USD/JPY.</p>

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