1. Treasury Faces Rising Yield Pressure as 10-Year Auction Draws Weakest Foreign Demand Since January
The U.S. Treasury's $42 billion 10-year note auction on Tuesday delivered a signal that markets could ill afford to ignore: foreign appetite for American debt continues to deteriorate. The high yield came in at 4.468%, the steepest since January 2025, with a 0.4 basis-point tail to the when-issued rate of 4.464% — mark...