10-Year Note Auction comes in at 4.834%
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The U.S. Treasury’s 10-Year Note Auction concluded today, with the high yield coming in at 4.834%. No consensus figure was available for comparison.
Following the release, market reaction was observed across several currency pairs and gold. Fifteen minutes after the data, AUDUSD was up 2.5 pips, EURUSD gained 2.8 pips, and GBPUSD rose 6.0 pips. NZDUSD moved up 0.9 pips. Against the U.S. Dollar, USDCAD was down 1.6 pips, USDCHF fell 2.8 pips, and USDJPY dropped 10 pips. Gold, XAUUSD, saw a significant increase of 86 pips.
Comparing these initial moves to historical behavior, the 15-minute moves for AUDUSD, EURUSD, NZDUSD, USDCAD, and USDCHF were smaller than their respective median 1-hour moves of 4 pips, 5 pips, 4 pips, 5 pips, and 5 pips. GBPUSD’s 6.0 pip move was close to its median 1-hour move of 7 pips. USDJPY’s 10 pip drop was larger than its median 1-hour move of 6 pips. XAUUSD’s 86 pip gain was also notably larger than its median 1-hour move of 18 pips.