EconomyInflation jitters weigh on US Treasury auction as Fed official flags steep rate hike
Investors showed weak demand at the latest 10-year US Treasury auction after hotter inflation data and a Federal Reserve official’s warning of a potentially aggressive rate increase triggered the sharpest bond sell-off in months. The US$42 billion batch sold at a 5.02% yield, above the 5.01% yield on comparable long-term debt in the secondary market. The episode may also bolster China’s push to internationalise its currency and reduce reliance on the dollar.
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South China Morning Post★★★☆☆2026-11-11 07:13Original
Inflation jitters weigh on US Treasury auction as Fed official flags steep rate hike
Economy