10-Year Treasury Auction Set To Tone For U.S. Rates
The upcoming $39 billion sale of 10-year Treasury notes will be closely watched by investors for signs of demand. The 3-year auction was considered "well received" according to BMO's Ian Lyngen.
1139 GMT - With $39 billion in 10-year notes slated for sale, today's Treasury auction will be closely watched to see how eager investors are to buy the debt. BMO's Ian Lyngen pointed to Tuesday's 3-year auction as a hopeful sign, saying it was "well received".