Mining Sector Ideas

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The 20 year Treasury yield just hit 5%, so an ominous sign. The 30 year also close at 4.98%.

And the 2 year Treasury auction this week showed very weak demand.


>>> ... Typically, 2-year auctions go largely unnoticed beyond the dealers and buyers involved in the roughly $30 trillion Treasury market. It’s often a place where safe-haven seekers and corporations can park cash for a while and earn a bit of yield. The auction starts and buyers line up.

But Tuesday’s auction went “miserably,” making it hard not to notice, with yields on the policy-sensitive 2-year rate advancing 9.6 basis points during the session to 3.926%, its highest yield in nearly eight months, according to Dow Jones Market Data. The rate now is 45 basis points higher in 2026.

Treasury yields typically fall, not rise, when the Federal Reserve is engaged in a rate-cutting cycle.

The recent yield climb reflects growing concern about dimming hopes for further Fed rate cuts this year, and potentially rate hikes. A prolonged Iran conflict could mean oil prices stay higher for longer, and risks inflation becoming a bigger problem the longer that hostilities drag on.

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https://www.msn.com/en-us/money/general/a-bad-treasury-auction-is-offering-a-glimpse-into-the-anxiety-on-wall-street-over-the-iran-war/ar-AA1ZkR8H?ocid=BingNewsSerp


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