Treasury yields slipped from among their highest levels of the year on Thursday as traders positioned for next week’s $35 billion 10-year auction and $20 billion 30-year sale.
What happened
What drove markets
Yields declined on Thursday as buyers kept jumping back into the market, particularly for the 2-year maturity. Wednesday’s 5%-plus level on the 2-year yield marked a “good entry point” for investors and traders interested in the underlying note, according to Tom di Galoma, managing director and co-head…
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