Business
Treasury Yields Jump After Weak 2-Year Note Auction
Treasury yields have jumped after a $69 billion auction of 2-year notes met with very weak demand from investors.
Treasury yields, which rise when bond prices fall, have climbed sharply in recent weeks, with investors worried that higher energy prices spurred by the Iran war will lift inflation and make it harder for the Federal Reserve to cut interest rates.
Short-term Treasurys like the 2-year note are especially vulnerable to shifts in near-term interest-rate expectations, and have come under particular pressure in recent days.
You must be logged in to post a comment Login