Low Demand in Treasurys Auction Pushes Yields Up Further -- Market Talk

Dow Jones03-25 03:47

1546 ET - Treasury yields jump following a disappointing two-year auction as markets navigate the uncertainties of war in the Middle East. Oil prices rise around 4% and the dollar strengthens as Tehran denies direct talks with the U.S., contradicting President Trump. A two-year Treasury auction has a bid-to-cover ratio of just 2.44, below the prior six-month average of 2.62 and the lowest since May 2024, indicating weak demand. The two-year yield settles at 3.926%, up 0.096 percentage point and the highest since July. The 10-year rises 0.056 p.p. to 4.390%. The WSJ Dollar Index is up 0.3%. (paulo.trevisani@wsj.com; @ptrevisani)

 

(END) Dow Jones Newswires

March 24, 2026 15:47 ET (19:47 GMT)

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