NY Fed poll shows unemployment worry at highest since pandemic start
NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
The U.S. Treasury auctioned $58 billion of 3 or notes at a high yield of 4.474%, with bid-to-cover of 2.72X above average.
At the first coupon auction of the week, the U.S. Treasury sold $58 billion of 3 or notes, achieving a high yield of 4.474%. The when-issued yield stood at 4.75% at the time of the sale, slightly above the high yield, which produced a tale of -0.1 basis points.
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NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
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