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Home Market Research Business

Treasury Yields Edge Higher After Weak Auction Demand, Miran Fed Nomination

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 1 min read
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Treasury Yields Edge Higher After Weak Auction Demand, Miran Fed Nomination
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Treasury yields were rising after Thursday’s auction of 30-year notes received weak demand.

The auction saw $25 billion of bonds issued 2.1 basis points above the pre-sale yield, Deutsche Bank analysts said in a note. It followed lukewarm demand at a 10-year Treasury auction.

The analysts said demand for Treasuries has waned after recent weak U.S. jobs data caused yields to fall.



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