10-year yield falls after Treasury auction demand is adequate enough to ease investors’ fears
U.S. Treasury yields dipped slightly on Wednesday after key 10-year Treasury auction data showed enough demand to stave off fears of investors worried about a possible slump in demand for the government’s debt and a recent rapid rise in rates.
The yield on the benchmark 10-year Treasury note fell about 2 basis points to 1.518% at around 4:00 p.m. ET. The yield on the 30-year Treasury bond dropped nearly 2 basis points to 2.241%. Yields move inversely to prices (1 basis point equals 0.01%).
Reference: CNBC
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