Bonds & credit
A 5.30% Treasury Auction: A Yield Signal That Is Easy to Misread
An auction yield of 5.300% and a bid-to-cover ratio of 2.77 measure different things. Separate price, participation and supply to understand the signal.
Treasury auctions
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Bonds & credit
Japan’s 10-Year Government Bond Yield Breaks 3% for the First Time in 30 Years
Inflation, hike expectations and fiscal pressure are driving a global bond selloff. Japanese yields and currency intervention also raise questions about capital flows and Treasury spillovers.