Treasuries posted another set of gains for the fourth consecutive day as a decrease in the projected forecast for short-term fiscal stimulus induced a rally starting from the eurozone following a sudden surge in the demand for government bond sales. This has caused a lot of traders to cover their short-term positions prior to the 10-Year Treasury notes auction. The 10-year yields dropped by 5 basis points or 2.35%, while yields fell along the curve by up to 1-5 basis points.
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