Politics
US Bonds Rise as Yields at 2002 High Lures Buyers at Auction
Key Points
US Bonds Rise as Yields at 2002 High Lures Buyers at Auction US Treasuries rose after a strong auction of 10-year notes signaled emerging investor demand as yields rise to multi-decade highs. Long-term bond yields erased earlier increases on Wednesday after the US Treasury Department’s $39 billion sale of 10-year notes was awarded at 5.3%, below the prevailing yield seen before the auction — an indication of good demand.
US Bonds Rise as Yields at 2002 High Lures Buyers at Auction
US Treasuries rose after a strong auction of 10-year notes signaled emerging investor demand as yields rise to multi-decade highs.
Long-term bond yields erased earlier increases on Wednesday after the US Treasury Department’s $39 billion sale of 10-year notes was awarded at 5.3%, below the prevailing yield seen before the auction — an indication of good demand.