$39 BILLION 10-YEAR TREASURY AUCTION IN FOCUS

A $39 billion 10-year Treasury auction will be closely watched today as investors test demand for U.S. debt amid elevated yields.

BMO says Tuesday’s 3-year auction was well received, ending a streak of five consecutive auction tails despite pricing at the highest yield since 2006.

Strong demand today could signal that higher 10-year yields are finally attracting buyers.
(@WalterBloomberg)