FOREXLIVEThe US dollar came under pressure after a surprisingly strong auction of US 10-year notes.
Demand was expected to be tepid ahead of tomorrow's CPI report and the FOMC decision but bids were 2 bps below where the market was trading and the $39 billion in new supply was easily absorbed. That was all-the-more surprising given than 15 of the past 16 ten-year reopening auctions tailed.
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