Treasury selloff deepens: 7-year auction draws weak demand, 10-year at 5.21% highest since 2007, 30-year touches 5.50%

Treasury yields surged across the curve on September 24, with the 10-year at 5.21%, its highest since 2007, the 5-year above 5% for the first time since 2007 and the 30-year at 5.50%, its highest in over 22 years. The selloff deepened as a 7-year note auction drew weak demand, the Treasury's buyback came in below its cap again and municipal yields hit 15-year highs.

Detected & updated continuously · Source: Nebula