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Treasury bond yields extend bounce after weak 7-year note auction

Por: MarketWatch Business December 28, 2023

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What yields are doing Market drivers Yields extended their rise after the Treasury Department sold $40 billion in 7-year notes , producing a high yield of 3.859%, versus a when-issued yield of around 3.84% ahead of the sale. Yields remain lower on the week, however, and have declined sharply since the 10-year topped 5% in October, a decline accelerated by expectations for the Federal Reserve to begin cutting interest rates in 2024. The path of... + full article



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