CatalystFixed Income

The initial market reaction to this Treasury announcement (CNBC reporting below) has been to push yields higher:

The 10-year is currently trading at 4.845% (up 5 bps on the day), while the 30-year has reached 5.302% (up 6 bps).

What changed

The 10-year is currently trading at 4.845% (up 5 bps on the day), while the 30-year has reached 5.302% (up 6 bps). #economy #markets @CNBC #bonds #yields https://t.co/BvXiY70RY0 — via @elerianm

Why it matters

Treasury announcement spiked 10-year to 4.845% and 30-year to 5.302%, up 5-6 bps.

Sources

twitter_list