10-Year Yields Decline Following Successful Bond Auction

Treasury yields registered a slight decline on Wednesday, after 10-year Treasury auction data suggested there is still sufficient demand, despite fears of growing government debt and an impending rapid increase in interest rates.

On Wednesday, the yield on the 10-year Treasury note dropped by approximately 3 basis points before settling at around 1.51% later in the day. Likewise, the yield on the 30-year Treasury bond also declined, falling by 1 basis point to around 2.24%.

The latest bond auction, which showed that there is still enough demand in the market for $38 billion worth of 10-year Treasuries, eased investor’s fears regarding America’s growing debt burden, which would otherwise impact bond demand and subsequently push yields higher. The 10-year yield at the bond auction came in at 1.523%.

The market’s concern over impending inflation was also curtailed, after the Bureau of Labour Statistics’ latest CPI print showed price pressures remained in line with expectations, increasing by 0.4% in February. However, the upcoming $1.9 trillion stimulus— which was successfully passed by the House— is expected to provide a significant boost to household incomes, and will likely reignite inflation fears further.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Great Bear Releases Further LP Fault Results, Highlights 10.50 G/T Gold Over 13.1 Metres

Great Bear Resources (TSXV: GBR) this morning announced further results from its ongoing drill program...

Thursday, April 22, 2021, 08:03:56 AM

BMO Q1 Earnings: Results Drive New Highs

We’re back to bank earnings week, with the Bank of Montreal (TSX: BMO) the second...

Sunday, March 2, 2025, 03:14:00 PM

Todd “Bubba” Horwitz Sees $2200 Gold & $35 Silver In 2023

Joining us today on the Daily Dive is Todd “Bubba” Horwitz, founder and CEO of...

Thursday, March 23, 2023, 01:30:00 PM

Palmer Luckey Calls Taylor Lorenz And WaPo Out: Correction Scandal Is Not An Isolated Incident

Oculus VR founder Palmer Luckey on Monday shared on Twitter that he had also been...

Tuesday, June 7, 2022, 04:26:00 PM

“Enough With The Woke Sh*t!”: MP Michelle Rempel Garner Says Canadians Have Had Enough

On Tuesday, the House of Commons heard some “unparliamentary” language from the immediately apologetic Conservative...

Thursday, October 6, 2022, 11:05:00 AM