US sells 10-year notes at 4.066% vs 4.062% WI

• High yield vs 3.648% prior
• Bid to cover 2.48 vs 2.64 prior

This isn’t a great result given the climb in yields lately. It’s feast or famine in fixed income as the market tries to sort out whether the US is headed towards recession or reflation.

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