US Treasury Yields Pull Back After Strong Auctions and Easing Oil Prices

U.S. Treasury yields retreated across maturities, with the 30-year yield falling 7.1 basis points and the 10-year yield dropping 5.0 basis points to 5.227%, easing pressure on equities. The pullback followed solid demand at the Treasury's $22 billion 30-year bond auction, which cleared at a high yield of 5.618% with a 2.54 bid-to-cover ratio. Earlier in the week, benchmark yields surged to multi-decade peaks—30-year yields reached up to 5.72% and 10-year yields hit 5.365%—pressuring S&P 500 futures down 0.3% amid high energy prices, before consecutive robust note and bond auctions helped stabilize markets.