Bond yields hold steady following 10-year Treasury auction

Breakdown

• Yields on 10-year Treasury notes remained steady after the latest auction.
• The auction was not considered particularly strong, with yields dipping slightly. 37s
• Market movements were influenced by geopolitical news and dovish Federal Reserve commentary. 25s
• The spread between 30-year and 10-year Treasury yields has tripled since last year. 1m 2s
• A steeper yield curve suggests long-term rates remain stubbornly high. 1m 13s