U.S. 10-year Treasury yields rose to 4.82% following a lackluster auction of $38 billion in 10-year notes, marking the highest level since early 2024. Market participants now brace for tomorrow’s $35 billion 30-year bond auction amid growing concerns over demand and fiscal sustainability.
- 10-year Treasury yield rose to 4.82% after weak auction demand
- Bid-to-cover ratio of 2.29, below the 2.40 historical average
- Next auction: $35 billion 30-year bond on March 11, expected yield 4.95%-5.05%
- TLT declined 1.8%, VIX climbed to 17.4, signaling market volatility
- Crude oil (CL=F) fell 0.9% amid shifting risk sentiment
- Concerns over long-term fiscal sustainability and rate path
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