Treasury's 30-year bond sale hits 5.618% high yield on $22B
The US Treasury auctioned $22 billion in 30-year bonds at a 5.618% high yield, achieving strong demand and a B grade.
Canada's GDP was unchanged in July, matching expectations. An August flash estimate points to a 0.2% gain.
The flat July reading is solid given the upward revision to June and the encouraging flash estimate for August, which was underpinned by stronger mining and retail trade. USD/CAD climbed 7 pips to 1.4179.
In July, the goods-producing sector was little changed, as gains in construction and utilities offset declines elsewhere. The services-producing sector also held steady, with increases across several industries cancelling out drops in retail and wholesale trade.
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The US Treasury auctioned $22 billion in 30-year bonds at a 5.618% high yield, achieving strong demand and a B grade.
The Atlanta Fed's GDPNow model for Q3 GDP growth was trimmed to 3.6% from 3.7% after weaker wholesale inventories data.
US wholesale inventories rose less than expected in August, while wholesale sales surged.
StoneX strategist Vincent Deluard warns of rising Treasury yields, bullish on Bitcoin and gold post-midterms.