Reported 6 months ago
The US bond market experienced a sell-off following weak Treasury sales, with the 10-year Treasury yields climbing eight basis points to 4.54% after the US sold $70 billion of five-year notes at 4.553%. Traders are also monitoring mixed economic data and Federal Reserve remarks for insights into the policy outlook, with anticipation building for the CPI reports later in the week. Additionally, as Wall Street resumes trading after the holiday weekend, the 'T+1' rule takes effect, settling US equities in just one day rather than two.
Source: YAHOO