Reported 29 days ago
U.S. Treasury yields increased following weak demand at recent bond auctions, indicating investor anxiety about potential supply issues ahead of the new financing quarter. The rise in yields, particularly the benchmark 10-year note which reached nearly 4.3%, reflects concerns about future auctions and the uncertain prospect of Federal Reserve rate cuts. Traders are hedging against further sell-offs, with expectations for additional challenges in upcoming Treasury auctions.
Source: YAHOO