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Yields fall, reverse repo volume soars as Q2 ends leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
4 Min Read NEW YORK (Reuters) - Investors concerned about demand for U.S. Treasury debt will be watching Wednesday’s 10-year auction for clues to where yields in the recently volatile market may be headed. FILE PHOTO: A vehicle drives past the U.S. Treasury Department in Washington, D.C., U.S. December 13, 2020. Picture taken with a long exposure. REUTERS/Raphael Satter The U.S. Treasury Department has increased debt issuance dramatically in the last year to fund coronavirus stimulus endeavors. Roughly $3.6 trillion of new government paper was issued in 2020 versus $2.9 trillion the year prior, according to SIFMA. With President Joe Biden’s $1.9 trillion fiscal package on the docket, issuance in 2021 is slated to rise to $4 trillion this year, according to ING. ....
Key Treasury auction could determine direction of yields - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.