Economics
Treasury Yields Fluctuate Near Four-Month High Versus G-7 Peers
- U.S. plans to auction three-, 10-, 30-year debt this week
- Daiwa SB says Yellen speech, Italy are reasons to hold bonds
What to Expect From U.S. Treasury Market Auctions
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Treasury benchmark 10-year note yields held close to a four-month high versus their Group of Seven peers after U.S. employers last week added more jobs than economists forecast.
The spread widened to 111 basis points, the most since late March. Treasuries fluctuated Monday after 10-year yields on Aug. 5 climbed by the most since March when data showed the world’s biggest economy added more workers than expected in July. Mohamed El-Erian said traders are underestimating the odds the Federal Reserve will raise interest rates next month.