Bond Prices Slide Following Tepid Sale Of 10-Year DebtPrices of U.S. Treasuries slid Wednesday after a tepid sale of 10-year debt, with yields testing key technical levels but still unable to break through recent ranges. The Treasury sold $24 billion in 10-year notes at a high yield of 2.046%, above what the market had expected. "We had an average, arguably a bit of a soft reception to the 10-year auction," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Conn.
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