The US Treasury Department has issued its quarterly refunding statement, announcing its debt issuance plans for the coming quarter. The Treasury stated that auction sizes will remain steady for the next several quarters, leading to a slide in Treasury yields. Higher yields typically result in lower stock prices, but it is uncertain if stocks can maintain momentum with yields in the 4% range. Factors such as the Federal Reserve's interest rate policy, inflation, global trade tensions, and the Treasury's new leadership contribute to the uncertain outlook for Treasury yields.



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