#Tradersleague The drop erased almost all of the earlier rise sparked by stronger-than-expected May employment figures. As a result, the yield expected at a 30-year bond auction later in the afternoon fell to about 4.84%, versus roughly 4.98% at its peak earlier this week.
“The inflation data have been very, very good for the last four months,” said Tony Farren, managing director of rates sales and trading at Mischler Financial Group. “How many months of tame inflation data can the Fed ignore?”
Yields were already on the retreat$BTC