US sells 30-year TIPS at 2.403% vs 2.40% WI

The US dollar is broadly softer today and falling yields have contributed to that.

• Prior was 2.055%
• Bid to cover 2.48 vs 2.61 prior

There hasn’t been much of a market reaction to this but yields have been creeping up from the lows in the last hour or so. That could put a floor under the dollar.

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