Connect with us

The True Herald


Economy

Treasury yields pare decline after 10-year note auction – MarketWatch

Spread the love

https://www.marketwatch.com/story/treasury-yields-pare-decline-after-10-year-note-auction-2021-03-10

Spread the love

U.S. Treasury yields pared their drop after a $38 billion auction for benchmark 10-year notes on Wednesday afternoon “tailed” by a single basis point, a sign of tepid demand. The 10-year Treasury note yield
TMUBMUSD10Y,
1.513%

was trading at 1.520%, 2.4 basis points below from where it started on the day but off its lowest levels. Bond prices move inversely to yields. Investors have shown an interest in the performance of recent Treasury debt auctions, following a poor 7-year note sale two weeks ago that triggered a bout of fierce selling in the bond market.

Support Our News Campaign

Shop our Store

Click Here To Shop

Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Stories

Trending Stories

To Top