Treasury Yields Fall Slightly
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An auction of new 20-year bonds was met with βsolidβ demand, with bidding from non-dealers slightly above the recent average, per Vail Hartman of BMO Capital Markets. 0858 ET β U.S. Treasury yields are down slightly. βWith labor market concerns still lingering, and the potential for sustained higher oil prices keeping the Fed cautious, we see a path for near-term stabilization in front-end yields,β Barry writes.
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An auction of new 20-year bonds was met with βsolidβ demand, with bidding from non-dealers slightly above the recent average, per Vail Hartman of BMO Capital Markets. 0858 ET β U.S. Treasury yields are down slightly. βWith labor market concerns still lingering, and the potential for sustained higher oil prices keeping the Fed cautious, we see a path for near-term stabilization in front-end yields,β Barry writes.