Reported 8 months ago
Amid a surge in corporate bond issuances and upcoming auctions, Treasury yields in the US partially recovered from recent declines. Longer-term yields rose 6-8 basis points, with the benchmark 10-year note climbing up to 7 basis points. The increase was attributed to a wave of corporate bonds hitting the market, with companies like Home Depot offering bonds of various maturities. Wall Street firms like Barclays and JPMorgan recommended short positions on Treasuries after last week’s significant yield drop. Two Treasury auctions are scheduled for this holiday-shortened week.
Source: YAHOO