(Reuters) - The market showed a limited reaction to an auction of
two-year notes, which drew decent demand in line with
expectations. Dealers picked up the new issue to cover short
positions created in a sharp sell-off over the last month or so.
"Selling pressure has weakened a lot, while short covering is
continuing, so yields have slipped a bit," said an analyst at a
U.S. securities firm.
Read more at Reuters.com Bonds News
two-year notes, which drew decent demand in line with
expectations. Dealers picked up the new issue to cover short
positions created in a sharp sell-off over the last month or so.
"Selling pressure has weakened a lot, while short covering is
continuing, so yields have slipped a bit," said an analyst at a
U.S. securities firm.
Read more at Reuters.com Bonds News
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