Technology
Treasuries Fall Before Auction as Oil Rebounds, Amazon to Borrow
Key Points
Treasuries Fall Before Auction as Oil Rebounds, Amazon to Borrow Treasuries fell as oil prices climbed on signs of renewed threats to Middle East supply and as Amazon.com slated a corporate bond offering expected to raise at least $25 billion. The selloff lifted yields by about three to four basis points across maturities, increasing the likely result of an auction of three-year Treasury notes at 1 p.m. New York time. The 30-year bond’s yield hovered around 5%, which it hasn’t closed above...
Treasuries Fall Before Auction as Oil Rebounds, Amazon to Borrow
Treasuries fell as oil prices climbed on signs of renewed threats to Middle East supply and as Amazon.com slated a corporate bond offering expected to raise at least $25 billion.
The selloff lifted yields by about three to four basis points across maturities, increasing the likely result of an auction of three-year Treasury notes at 1 p.m. New York time. The 30-year bond’s yield hovered around 5%, which it hasn’t closed above since early June. Longer-dated yields declined last month as falling oil prices cooled inflation expectations.