Interest wanes at 30 year Treasury auction
Friday 10th November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABBond yields kicked higher in the US after a $24 billion 30 year auction attracted less interest than expected. NAB’s Tapas Strickland says the auction yields were 5 basis points higher than pre-sales. We discuss why interest in long duration bonds is falling. Markets are also preparing for words from Jerome Powell later today, following fairly dovish talk from other Fed speakers. Today the RBA releases forecasts in the Statement of Monetary Policy. So, what will Tapas be…
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