July 14, 2024
10- and 30-year Treasury yields rise by most in more than a week, paring Tuesday’s steep decline

10- and 30-year Treasury yields rise by most in more than a week, paring Tuesday’s steep decline

Treasury yields ended mostly higher on Wednesday, paring some of the steep declines seen in the prior session, as traders considered the Federal Reserve’s most likely next steps at its May 2-3 policy meeting. Meanwhile, Treasury’s $43 billion auction of 5-year notes was strong and produced a “good result,” even though the statistics were rather “average,” according to BMO Capital Markets strategist Ben Jeffery.

What happened
What drove markets

Yields finished mostly higher on Wednesday — except for the 1-month…

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