U.S. government debt yields are heading higher, with the 10-year Treasury note at 2.605% amid the latest news in the auctions space.
Bond traders will be watching as the U.S. Treasury auctions $13B in 10-year TIPS, plus the size of three individual notes and one floating rate notes auction.
Pressure has also been rising on speculation that the tax reforms passed late last year will accelerate economic growth and inflation.
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