FR0091 Weighted Average Yield Increases 13 Bps. The 10-year benchmark SUN recorded a weighted average yield of 6.12% at yesterday’s auction. This figure is 13 bps higher than the previous SUN auction in mid-September 2021. This volatility is in line with speculation that the UST10Y yield on the same tenor is projected to penetrate the 1.5% level, or the highest level since June 2021. Projected US inflation remains high, raising concerns that the Fed will raise its benchmark interest rate sooner than market expectations.

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