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But we saved everything 🙂.
Sonali Basak reports that this week's $39 billion 10-year U.S. Treasury auction was seen as successful, taking place at yields not seen in decades.
Basak highlights that the fiscal term premium is starting to take greater importance, as noted by Steve Miran, with yields reaching 5.3 percent.
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Earlier this month, Basak predicted that interest rates could move above 5.3 percent by the end of October in a previous forecast. She has also reported that about 80 percent of 200 investors viewed power as a main focus for infrastructure and AI investment, according to a separate survey. These findings provide additional context to recent Treasury market developments.