The rise in yields may help bolster demand at today’s government auction of $21 billion of 10-year notes. The benchmark notes are the highest in demand, or on “special” in the repurchase-agreement, or repo, market, where firms borrow and lend securities. Traders were willing to pay to borrow the securities in exchange for loaning cash, according to Bloomberg.
Treasuries drop due to high retail sales
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program