US Treasuries Win Some Respite as Key 30-Year Auction Looms
US Treasuries trimmed last week's losses, winning some respite ahead of Thursday's auction of 30-year debt that will offer a fresh test of demand for the beleaguered securities.
Yields fell two to three basis points across the curve, mirroring moves in European bonds and reversing part of the sharp selloff Friday when US jobs data came in stronger than expected. A quieter day for economic data Monday is shifting attention to events later this week, including consumer inflation on Wednesday and the debt sale the following day.
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