"30-Year Bond Auction Sends Stocks and Yields Spiraling"
TL;DR
The 30-year bond auction resulted in a significant sell-off, causing a clear line to be drawn under the recent trading range in Treasury yields. The lower boundary is marked around 4.50% in 10-year yields, and the upper boundary remains uncertain. The auction, combined with hawkish reminders from Powell, kept yields within this range. The range is expected to hold until next Tuesday's CPI release.
- 30yr Auction Draws a Line Under The Range Mortgage News Daily
- 30-Year Treasury Yield Sharply Rebounds Amid Sagging Demand in Auction Markets Insider
- Stocks Tumble, Yield Surge After Catastrophic 30Y Auction Stops With Biggest Tail On Record As Foreign Demand Craters Forex Factory
- NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Retreat As 30-Year Bond Auction Disappoints FX Empire
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