JPMorgan Says 10-Year U.S. Treasury Auction May Need Price Concessions

According to Jin10, JPMorgan strategists said the U.S. Treasury's $39 billion 10-year bond auction on Wednesday may need price concessions to be smoothly absorbed, and Tradeweb data showed the 10-year U.S. Treasury yield fell 1.2 basis points to 4.790% during Asian trading.