A mediocre new auction of 7-year Treasuries revived concerns last Thursday. While the rate hike seems to be calming down in the United States, nervousness has not left the markets.

The U.S. Treasury has placed seven-year debt on the market, a particularly watched issue. The last auction of this type, four weeks earlier, had received a more than mixed reception.  Thus, the yield on US 10-year government bonds jumped above 1.60% for the first time since the beginning of the Covid.
The yield on issuance of the securities was finally set at 2.5 basis points above their secondary market rate, reaching 1.30%.
On Friday, when the market reopened, the US 10-year yield rose again approaching 1.68%.