Core Insights - The S&P 500 index is experiencing a record high following the release of the Producer Price Index (PPI) inflation report [1] - A recent 10-year Treasury auction was successful, with the yield reaching session lows [1] Treasury Auction Details - The Treasury Department sold $39 billion in debt maturing in nearly 10 years, with the highest awarded rate at 4.033%, which is lower than the average rate of 4.407% from the last six auctions [2] - The yield was also 0.013 percentage points lower than the pre-bidding deadline yield [2] - Primary dealers, including major banks like Deutsche Bank Securities and Goldman Sachs, accepted only 4.2% of the supply offered, marking the lowest acceptance rate on record for this type of debt [3]
10-Year Auction Was Strong. Yield at Session Lows.
Barrons·2025-09-10 17:31