Business
Yields Tick Up After Treasury’s Latest Borrowing Plan
Treasury said it doesn’t plan to change note-and-bond auctions “for at least the next several quarters,” which was as expected.
It also continues to evaluate demand for different Treasurys as it considers increasing future auction sizes.
Using new language, the Treasury said it is monitoring Federal Reserve purchases of short-term Treasury bills and “growing demand for Treasury bills from the private sector.”
That signals officials think that they could lean more on bills for funding than in the past.
In recent trading, the yield on the 10-year Treasury note was 4.286%, according to Tradeweb, up from 4.272% on Tuesday.