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Big US Treasury auctions could restart rise in yields
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Last Updated: Apr 12, 2021, 11:26 AM IST
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Synopsis
The benchmark 10-year yield rose more than 80 basis points in the first quarter on expectations of blistering economic growth, higher inflation and the estimated $4 trillion in new debt to be issued this year.
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Investors said weak demand at upcoming auctions, which kick off on Monday, could send bond prices lower and yields higher, albeit at a slower pace than in the first quarter.
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NEW YORK: U.S. Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent lull in the bond market, reigniting a rise in yields that worried investors in the first quarter.
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