April’s First US Treasury Auctions See Improved Demand

The first Treasury auctions of the month attracted improved investor demand, diluting concern that foreigners were avoiding US debt amid the war in the Middle East.

An auction of 10-year notes Wednesday drew a yield only slightly higher than anticipated, a sign that demand nearly matched expectations. Together with strong demand for a three-year note sale Tuesday, it allayed concern that the war is pushing up borrowing costs by sidelining buyers.