Treasury yields saved falling after an public sale of 7-year notes noticed stable demand.
Bond auctions have drawn heightened consideration from Wall Road as rising yields started to catch the inventory market’s consideration final week. However for the 7-year notice public sale, consumers accepted a yield of 4.19%, an indication of stable demand.
Peter Boockvar, chief funding officer at Bleakley Monetary Group, writes that bond yields fell to their lows of the day in response. Shares additionally picked up steam. The ten-year yield was right down to 4.43%.
