Unexpectedly strong news on the U.S. economy and tepid demand for new government paper sent Treasuries lower yesterday, particularly at the long end of the yield spectrum.

Long-dated governments took the brunt of the selling, reacting negatively to evidence that the economy continues to expand apace and that retail investors have not returned to the market in force.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.