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Treasury Yields Hit 2023 Highs
Bond investors are pushing US Treasury yields to fresh 2023 highs, spooked by plans for a flood of government-debt issuance and signs of the labor market’s enduring strength. Treasuries fell across maturities on Wednesday, lifting the 10-year yield as much as 10 basis points to 4.12%, the highest since November 2022. The yield on 30-year bonds reached 4.2%, the highest in nearly nine months. The Treasury Department on Wednesday said it plans to boost sales of longer-term debt to $103 billion next week, from $96 billion previously. The total was slightly more than most dealers expected, testing demand amid a surge ... (full story)