Investors Shun Treasurys Ahead of Massive Debt Sale

Investors sold U.S. Treasury bonds in anticipation of a wave of new government debt becoming available this week, sending long-term yields on Wednesday to their highest level in over a month.

The yield on benchmark 10-year government bonds rose for a fourth trading session to 0.680%, from 0.535% on Aug. 6, reflecting a drop in prices. The yield on the 30-year bond continued its ascent, reaching its highest level since early July.

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