We get jobless claims and a look at Philadelphia manufacturing activity today, but mortgage rates will likely be driven more by the market’s continued reaction to Wednesday’s surprise Treasury buyback announcement. What’s happening: The Wall Street Journal’s Sam Goldfarb, Brian ...
The Treasury Department is dramatically increasing its purchases of longer-term U.S. government debt, a surprise announcement Wednesday that helped send long-term Treasury yields sharply lower. Why it matters: The move is designed to improve liquidity in parts of the Treasury ...
Long-term Treasury yields continue to surge despite improving inflation data, a potentially troubling signal that investors are becoming more concerned about government debt and long-term fiscal policy. What’s happening: Bloomberg’s Greg Ritchie notes that the selloff isn’t isolated to the ...
After strong demand for 3-year and 10-year Treasury debt earlier this week, Thursday’s 30-year bond auction delivered a much weaker finish. Why it matters: Weak demand for long-term government debt can push Treasury yields higher, potentially putting upward pressure on ...