US 10-Year Treasury Yields Retreat from 24-Year High After Strong Auction, but European Bonds Face Pressure
US 10-year Treasury yields fell from a 24-year high of 5.35% to 5.29% after a robust $39 billion auction, signaling strong investor demand. However, European bond markets remain volatile, with French and UK yields rising due to fiscal concerns and inflation fears. Federal Reserve minutes suggest another rate hike by year-end, keeping long-term borrowing costs elevated.
