Treasuries Extend Decline After Poor Demand for Two-Year Auction
US Treasuries sank after investors spurned an auction of two-year notes on concern that a protracted war in the Middle East will lead to an oil-driven resurgence in inflation.
By Elizabeth Stanton · Bloomberg Markets
US Treasuries sank after investors spurned an auction of two-year notes on concern that a protracted war in the Middle East will lead to an oil-driven resurgence in inflation.