Reported 1 day ago
The bond market selloff has driven long-maturity Treasury yields to their highest in months, with the upcoming auction of 10-year notes set to offer investors a yield of 4.64%, the highest since August 2007. This increase follows a trend of rising yields spurred by economic resilience and persistent inflation, raising concerns about financing budget deficits and shifting market focus towards a potential soft landing. The auction results suggest that forthcoming 10-year notes could see the highest fixed rate in nearly two decades.
Source: YAHOO