10-Year Treasury Yield Falls Ahead of Auction

Group 1 - The S&P 500 index is reaching record highs following the release of the PPI inflation report, indicating positive market sentiment [1] - The yield on the 10-year Treasury note has decreased to 4.048%, a level comparable to that seen in April, suggesting a potential shift in investor demand [2] - The Treasury Department is preparing to auction $39 billion in 10-year notes, which will serve as a test for market demand at the current yield levels [2]