A post by @FirstSquawk on X.
US 10-Year Treasury Auction Requires Price Concession for Smooth Absorption - WSJ
@FirstSquawk on X
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The U.S. Treasury's 10-year note auction cleared only after dealers conceded on price, according to WSJ, signaling that investors demanded a yield premium to absorb the supply. The concession points to softer demand at the long end of the curve, a dynamic that matters for borrowing costs and risk appetite across markets. Watch follow-through in 10-year yields and upcoming auctions for whether the concession deepens or fades.
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US 10-Year Treasury, WSJ, First Squawk