US 30-Year Treasury Auction Signals Weak Demand to Wrap Up Week of Big Sales
- Week of big sales indicates market struggling to absorb deals
- US 30-year yield jumps higher as auction trumps inflation data
The US Treasury building in Washington.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
US Treasuries came under renewed pressure, pushing yields higher, as the market struggled to absorb this week’s final leg of new debt sales.
The moves extended a volatile session Thursday, when soft inflation data for July initially pushed yields lower and fueled speculation that the market would easily accommodate the $23 billion auction of 30-year bonds at 1 pm New York time.