Treasury yields climb as 30-year auction tails
The 30-year auction cleared at 5.441% with a 0.4bp tail, and the 10-year is back above 5.1%, pressuring gold and risk assets.
What we know
Market news accounts report the auction tailed with bid-to-cover at 2.36. The 10Y is above 5.1%, and gold ETF GLD hit new lows.
US 10-year Treasury yield
4.88% +0.80 pts · 1 yr
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@DeItaone
“30-YEAR TREASURY AUCTION TAILS AS DEMAND WEAKENS”
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