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Treasury Yields Surge Amid Economic Data Anticipation
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Overview
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US Treasury yields rise as investors anticipate economic data and face concerns about high issuance and potential Fed easing. The surge in Treasury issuance for 2024 may challenge the market's bullish consensus for bonds, impacting bond prices and yields. Additionally, weak demand at a five-year note auction and a selloff in overseas bond markets contributed to rising JGB yields in Japan.
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How could the Federal Reserve's policy speech by Christopher Waller further influence Treasury yields and market sentiment?
How might the surge in US Treasury issuance impact the market's overall bond prices and yields?
What are the potential implications of weak demand at a five-year note auction and a selloff in overseas bond markets on the global bond market?
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