Treasury Auction Draws Strong Demand Despite Key Risks Ahead

1h ago Treasury Auction Draws Strong Demand Despite Key Risks Ahead Bloomberg News, (Bloomberg) -- Bonds rallied — erasing some of the losses caused by last week’s strong employment data — after an auction of 10-year notes drew unusually strong demand despite its proximity to potentially destabilizing events on Wednesday. The $39 billion 10-year note sale was awarded at 4.438%, compared with a yield of 4.458% in pre-auction trading at 1 p.m. New York time, the bidding deadline. That investors …