US sells 7-year notes at 4.183% vs 4.197% WI

• Prior was 4.215%
• Bid to cover at 2.71 vs 2.74 prior

The bond market isn’t having a problem digesting some serious supply this week ahead of Thanksgiving. In the aftermath of the sale, long-dated yields are at the lows of the day with 10s down 5.2 bps to 4.25%. There is some follow-through in USD/JPY as well.

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