Ugly 10Y Auction: Foreign Demand Plummets, Directs Soar, Resulting In Biggest Tail Since February

Inflation jitters throw wrench into US Treasury auction amid jumbo hike fears

The latest auction of the 10-year US Treasury drew weak demand from investors after a hot reading on inflation and the prospect of an aggressive rate increase flagged by a Federal Reserve official spurred the most violent bond sell-offs in months. It may also further validate China’s de-dollarisation push to promote the internationalisation of its currency. The batch of the US$42 billion Treasury was sold at 5.02 per cent, higher than the 5.01 p…

Ugly 10Y Auction: Foreign Demand Plummets, Directs Soar, Resulting In Biggest Tail Since February

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Treasury 10-Year Auction Posts Biggest Tail Since February

Indirect bidders’ share fell to 61.2% from 80.3%, while direct bidders received 29% of awards.

Inflation jitters throw a wrench into US Treasury auction as Fed official flags jumbo hike

The latest auction of the 10-year US Treasury drew weak demand from investors after a hot reading on inflation and the prospect of an aggressive rate increase flagged by a Federal Reserve official spurred the most violent bond sell-offs in months. It may also further validate China’s…

US 10-year Treasury auction sees highest yield tail since February

US 10-year Treasury auction yields hit 5.020%, the highest tail since February. 5-year Treasury yield below 4.10% before 2027 at 7.2% YES.