US Government Sold $797 Billion of Treasury Securities this Week. 10-Year Treasury Yield Hits 4.73%, 30-Year Yield 5.22%
Warsh moved the needle on Friday, while Bessent’s Hocus-Pocus Shows 1-3 fizzled.
Source: Wolf Street
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DW NOTE
The Treasury issued nearly $800 billion in a single week while the 10-year yield climbed to 4.73% — an auction calendar so heavy it pushed long-term borrowing costs to multi-year highs. When you sell $14 trillion a year into a market already saturated with debt, you don't get to complain about price discovery.