On Monday, the U.S. Treasury sold $38 billion in 10-year notes. The auction led to yield of 1.68% , compared to March 10 yield of 1.523%.
Investors bid $2.36 for every $1 on offer from the Treasury, auction data showed. Foreign buyers, the data took down just under 60% of the sale.
The breakeven rate between five-year Treasury bonds and five-year inflation protected securities was 2.48% this week, down from the 2008 high of 2.5% it touched last month. But the gauge of expected inflation is still firmly ahead of the Fed's 2% inflation target.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GOVT declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Category IntermediateGovernment