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LIVE MARKETS-Benchmark Treasury auction within expectations - stocks surge then settle

ReutersApr 9, 2025 5:18 PM
  • Main US indexes last green; Nasdaq now up >2%
  • Tech leads S&P sector gainers; Healthcare weakest group
  • Dollar down; crude slides ~4%; bitcoin up >1%; gold surges >3%
  • US 10-Year Treasury yield up on day, but pares to ~4.39%

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BENCHMARK TREASURY AUCTION WITHIN EXPECTATIONS - STOCKS SURGE THEN SETTLE

U.S. stocks briefly extended their advance and benchmark yields dipped after a $39 billion auction of 10-year notes came within market expectations.

The auction comes as longer-dated yields are surging, touching a seven-week high due to what appears to be a large scale liquidation, which has heightened fears that China and hedge funds could be offloading Treasury holdings.

Here's were things stood at 1310 EDT:

(Stephen Culp)

FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:

AS BONDS TUMBLE, MIGHT THE FED SOON TAP ITS TOOL BOX? - CLICK HERE

CAN ANY APPEARANCE OF CALM BE TRUSTED? - CLICK HERE

MORTGAGE SEE-SAW: RATE DROP LAUNCHES DEMAND TO HIGHEST SINCE SEPTEMBER - CLICK HERE

THE BEAR CAN WAIT: WALL STREET STARTS GREEN AS BARGAIN SHOPPERS EMERGE - CLICK HERE

AMID ELEVATED VOLATILITY, BENCHMARK TREASURY YIELD VAULTS - CLICK HERE

GERMAN BUNDS THE ULTIMATE SAFE HAVEN - CLICK HERE

LOOKING FOR TARIFF BUSTERS? - CLICK HERE

DOLLAR, TREASURIES AND S&P 500 - SOME NUMBERS - CLICK HERE

LESS PANICKED THAN EARLIER, BUT THAT'S A LOW BAR - CLICK HERE

EUROPE BEFORE THE BELL: SHARE SELLOFF RESUMES, TREASURIES IN FOCUS - CLICK HERE

MORNING BID: MARKETS COWER AS 104% TARIFFS ON CHINA BEGIN - CLICK HERE

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