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Treasury Yields Rise Ahead of Massive Bond Auction

The 10-year Treasury yield climbed to 4.222% on Tuesday, ahead of $67 billion in upcoming bond auctions.

A concerning ISM services report showed prices rising faster than expected, while employment and imports declined—hinting at early signs of stagflation.

Analysts at Deutsche Bank flagged the data as troubling and noted that tariffs may be distorting the economy. With no major economic releases scheduled Wednesday, traders are turning their attention to upcoming speeches from key Fed officials.

Original Source: CNBC

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