U.S. 10-year Treasury auction draws strong demand; yield hits 19-year high
U.S. Treasury’s Wednesday 10-year bond auction saw strong demand. The high yield rose to its highest level in 19 years after an increased buyback operation for longer-run maturities; $39 billion sold.
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05:45:23 PM UTC
SquawkNews
By Sam GoldfarbThere is still plenty of uncertainty about the Treasury Department's buyback plans.The agency has now said that it will buy up to $6 billion of 10-year to 20-year Treasurys at its buyback operation tomorrow. After that, there will be six more buyback operations aimed at longer-term d…
S. Treasury Department’s Wednesday auction of 10-year bonds drew strong demand, with the high yield rising to its highest level in 19 years after the earlier announcement of an increased buyback operation for longer-run maturities. The Treasury sold $39 billion of bonds.