Yields on key US Treasury bonds reached new highs, but for the 10-year demand was especially strong

US Treasury sold $39 billion of 10-year notes in an auction Wednesday and BMO said the sale was “strong”, with higher than average bidding from non-dealers. Yields on key US Treasury bonds touched fresh 24-year highs Wednesday as the latest global bond sell-off picked up steam. The 10-year Treasury yield rose as high as 5.36%, and the 30-year Treasury yield hit 5.73% — the highest for each since 2002.

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