1. U.S. Treasury 10-Year Auction Tails as Foreign Demand Slumps
A key U.S. Treasury auction has flashed a warning signal, with the benchmark 10-year note sale tailing and revealing a sharp drop in foreign central bank demand. The auction stopped at a high yield of 4.282%, the highest since last August, and tailed the When Issued yield by 0.2 basis points. This marks the third conse...