“Wednesday’s sale of $35 billion in 10-year notes, followed by a $23 billion auction of 30-year bonds the next day, will test the market’s appetite for longer-dated maturities following last month’s lackluster response to 20- and 30-year sales,” reports Bloomberg.
“The worst week for U.S. equities since June has ramped up demand for haven assets, pressuring the 30-year yield lower over much of last week as steepener trades were pared.”
Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of