Fixed-income investors maintained a cautious stance today as benchmark US 10-year Treasury yields moved in a tight range ahead of key economic index releases.
Institutional demand at recent Treasury auctions remained robust, with foreign central banks and domestic pension funds absorbing high-volume debt issuances without disrupting secondary market liquidity.
Credit spreads for investment-grade corporate bonds narrowed slightly, reflecting resilient corporate balance sheets and steady high-yield investor appetite. Market participants are monitoring federal deficit projections and rate cut expectations.