/biz/ - Business & Finance

>https://www.marketwatch.com/story/10-year-treasury-yield-surges-above-150-after-awful-debt-auction-2021-02-25?mod=mw_latestnews

>The benchmark Treasury note jumped above 1.50% on Thursday afternoon after investors showed tepid demand for $62 billion of 7-year notes. The 10-year note yield TMUBMUSD10Y, climbed 15 basis points to 1.54%.

>Peter Boockvar, chief investment officer at the Bleakley Advisory Group, described the 7-year note auction results as "awful," after it tailed by 4.2 basis points, the most in the auction's history. The tail is the gap between the highest yield the Treasury sold in the auction and the yield before the auction began.

>Analysts have cited the 1.50% level as a key threshold for the bond market that could portend trouble for U.S. equities.

People are losing faith in US bonds. Debt / currency crisis incoming