US Treasuries drop for second straight day after disappointing $58bn auction
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt fell sharply for the second straight day after a $58bn short-term Treasury auction drew weak demand and hedge funds continued to rapidly unwind popular trades. The benchmark 10-year Treasury yield, which underpins … Read more