News

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.

Read More

READ MORE:   Democrats to private student loan lenders: '‘Cancel or discharge as many delinquent loans as possible’

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close