Treasury Auction Draws Highest Yield Since 2007 in Bond Selloff

The US government’s monthly auction of 10-year notes drew the highest yield since 2007 after the latest economic data suggesting that the Federal Reserve is less likely to cut interest-rates again before mid-year.

source https://www.livemint.com/market/stock-market-news/treasury-auction-draws-highest-yield-since-2007-in-bond-selloff-11736279694409.html