Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

Minneapolis, Minnesota United States of America
Investors are closely monitoring comments from Federal Reserve policymakers regarding future policy decisions.
The benchmark 10-year note yield climbed to 4.542%.
The two-year Treasury yield dipped to 4.974%.
Treasury yields rose on Tuesday following weak demand for a $70 billion five-year note auction and anticipation of inflation data.
Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

In a surprising turn of events, Treasury yields rose on Tuesday following weak demand for a $70 billion five-year note auction and as investors awaited fresh data on inflation. The benchmark 10-year note yield climbed to 4.542%, while the two-year Treasury yield dipped to 4.974%. Yields and prices move in opposite directions, with one basis point equaling 0.01%. The increase came after a recent trend of weak auction results and as investors look for more data on economic conditions and inflation levels. In addition, traders are closely monitoring comments from Federal Reserve policymakers regarding future policy decisions. Amidst this uncertainty, the Fed is expected to maintain its hold until at least September. In other financial news, global markets were mixed on Tuesday as investors digested a slew of economic data releases and corporate earnings reports.


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Confidence

85%

Doubts
  • Are there any other factors contributing to the rise in Treasury yields aside from inflation expectations and weak auction results?
  • Is the weak demand for the five-year note auction a significant indicator of investor sentiment towards Treasury bonds?

Sources

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bloomberg - Are you a robot?

Bloomberg News Now Tuesday, 28 May 2024 21:11
  • Unique Points
    None Found At Time Of Publication
  • Accuracy
    • 10-year Treasury yield rose to 4.542% following a weak auction on the five-year note
    • 10-year yields climbed eight basis points to 4.54%.
    • The world’s biggest bond market sold off after weak Treasury sales.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

10-year Treasury yield rises above 4.5% following weak auction

CNBC News Alex Harring, Tuesday, 28 May 2024 08:40
  • Unique Points
    • Federal Reserve policymakers showed uncertainty about when to ease policy in the latest meeting minutes
    • Minneapolis Federal Reserve President Neel Kashkari requires ‘many more months of positive inflation data’ before considering rate cuts
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Treasuries Hit as US Sales Struggle to Lure Buyers: Markets Wrap

Yahoo Finance Rita Nazareth Tuesday, 28 May 2024 21:14
  • Unique Points
    • Nvidia Corp. rallied 7% after the Information reported Elon Musk has indicated its artificial intelligence startup xAI will use the chipmaker’s H100 graphics processing units.
    • Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange.
    • Oil advanced as tensions flared in the Middle East, with a vessel attacked in the Red Sea and Israeli tanks reaching the center of Rafah.
  • Accuracy
    • The world's biggest bond market sold off after weak Treasury sales.
    • US 10-year yields climbed eight basis points to 4.54%.
    • Investors are also wading through remarks from Fed Bank of Minneapolis President Neel Kashkari, who said the policy stance is restrictive, but officials haven’t entirely ruled out additional rate hikes.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of inflammatory rhetoric and appeals to authority, but no formal or blatant logical fallacies were found. The author's statements are generally neutral and descriptive in nature.
    • ][The world's biggest bond market sold off after weak Treasuries sales, with traders also weighing mixed economic data and remarks from Federal Reserve speakers for clues on the policy outlook.][
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Sleepy Bonds Rudely Roused by Surprisingly Strong Econ Data

MortgageNewsDaily Matthew Graham Tuesday, 28 May 2024 21:15
  • Unique Points
    • Surprisingly strong surge in S&P Global Services PMI with a reading of 54.8, higher than the forecasted 51.3 and previous reading of 51.3.
    • Jobless claims came in lower than expected at 215k compared to the forecasted 220k and previous reading of 223k.
  • Accuracy
    • Surprisingly strong surge in S&P Global Services PMI with a reading of 54.8
    • Jobless claims came in lower than expected at 215k
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication