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Dow, S&P 500 And Nasdaq Fall As Treasury Yield Spikes

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    Posted by Two Blokes May 21 - Filed in General - #TwoBlokesTrading  - 4 views
    The Treasury Department reportedly held an auction for $16 billion of new 20-year bonds on Wednesday, though demand for the bonds was much lower than expected. Investors accepted a yield of 5.04% on the bonds, the highest rate for a 20-year note since October 2023.