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$42B Treasury Auction Pushes 10-Year Yield to 4.683%

8/13/2026

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Summary

Story summary

$42 billion auction of 10-year Treasuries on Wednesday yielded 4.683%, the highest benchmark yield since 2007.
Treasury yields fell Tuesday before the CPI release, with the 10-year near 4.55% and the 2-year near 4.75%, while CME FedWatch gave a 68% chance the Fed holds rates and about a 15% chance of a March cut.
July core CPI rose 0.2% month-over-month and 2.5% year-over-year, the slowest annual gain since March 2021.

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Story summary

$42 billion auction of 10-year Treasuries on Wednesday yielded 4.683%, the highest benchmark yield since 2007.
Treasury yields fell Tuesday before the CPI release, with the 10-year near 4.55% and the 2-year near 4.75%, while CME FedWatch gave a 68% chance the Fed holds rates and about a 15% chance of a March cut.
July core CPI rose 0.2% month-over-month and 2.5% year-over-year, the slowest annual gain since March 2021.