US Government Sold $728 Billion of Treasuries this Week. Yields at the 3-Year, 10-Year, 30-Year Auctions Highest in 20+ Years, Demand Emerges. Short-Term Yields See Rate Hike
The bond market is functioning again after the Fed’s interest rate repression between 2008-2022 had broken it.
We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.
