US Government Sold $766 Billion of Treasuries this Week. Yield Curve Steepened as 30-Year Treasury Yield Rose to 4.87%

The government sold $766 billion in Treasury securities this week, in 10 auctions, including six Treasury bill auctions and four Treasury note auctions. The T-bill maturities ranged from 6 weeks to 26 weeks this week, totaling $538 billion. Every month, the Treasury Department is now selling over $2 trillion of T-bills...