Interest Rates Daily

Latest edition · July 10, 2026

Good auction demand pauses sell-off

Treasury refunding auctions have eased recent bond market sell-offs. The strategists recommend a 10-30Y curve flattener trade.

A successful series of US Treasury auctions has cooled the bond sell-off that had previously pushed the 10Y yield to 4.595%. With markets focusing on upcoming inflation data and Fed rhetoric, the strategists highlight that the 10-30Y segment of the Treasury curve appears excessively steep compared to the 5-30Y, leading them to recommend a 10-30Y flattener strategy.

Key takeaways from the latest edition

• 1.Good demand for Treasury refunding auctions has temporarily paused the recent bond sell-off.
• 2.The firm recommends a Treasury 10-30Y flattener trade as the curve appears too steep relative to the 5-30Y spread.

What this series covers

• Interest Rates Daily
• Good auction demand pauses sell-off
• Recent publications
• Upcoming data highlights
• EUR Rates Dashboard
• USD Rates Dashboard
• Interest Rates Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details

Edition archive

• Good auction demand pauses sell-off

  July 10, 2026

• Ain’t no rest for the wicked

  July 9, 2026

• More art than science

  July 7, 2026

• Inflation low core HICP

  July 6, 2026

• Weak NFP supports front-end rates

  July 3, 2026

• Not that weak

  July 1, 2026