Treasury yields kept falling after an auction of 7-year notes saw solid demand.
Bond auctions have drawn heightened attention from Wall Street as rising yields began to catch the stock market’s attention last week. But for the 7-year note auction, buyers accepted a yield of 4.19%, a sign of solid demand.
Peter Boockvar, chief investment officer at Bleakley Financial Group, writes that bond yields fell to their lows of the day in response. Stocks also picked up steam. The 10-year yield was down to 4.43%.
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
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