The Bloodletting In The Treasury Market Continues Overnight As Yields Soar To Fresh New Highs

Matthew Boesler

The release of the minutes from the Federal Reserve's July FOMC meeting yesterday sparked a sharp sell-off in the U.S. Treasury market.

The selling continued overnight in Asian trading, and early this morning, the yield on the 10-year Treasury note rose to another new multi-year high of 2.94%.

Since then, yields have retraced slightly to 2.92%, but 10-year Treasury futures are still down 0.4% today.

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