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U.S. Treasury auctions $25bn of 30-year bonds at 5.046 percent, Mohamed A. El-Erian notes
Mohamed A. El-Erian reports that the U.S. Treasury department issued $25 billion of new 30-year bonds on Wednesday, with the high yield at auction reaching 5.046 percent.
The auction results reflect activity in the U.S. bond market and are based on information cited from the Financial Times.
El-Erian has recently commented on other central bank actions, noting Norway’s surprise 25 basis point rate hike after Australia. He has also assessed the Federal Reserve’s recent policy path, citing Jerome Powell’s defense of Fed independence despite costly errors. These observations form part of his ongoing coverage of major monetary and bond market developments.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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