What the 10-Year Treasury Auction Revealed

Today the Treasury auctioned $25 billion 10-year notes, which is grabbing headlines because it was threatening to print at 3% for the first time since 2014. As it happened, it just missed at 2.995%.

The fact that this auction is being set at 3% isn't especially newsworthy. The existing 10-year traded above 3% two weeks ago and has hovered around there ever since. The auction just reflects where rates are. However, this auction series is bringing together a number of conversations that have been happening among bond investors:...756 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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