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US government debt instruments
United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as a supplement to taxation. Since 2012, the U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.
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US Treasuries rallied on Thursday, driven by a strong 30-year bond auction that indicated solid demand. Yields fell across the curve, with the 10-year yield dropping 5 basis points to 5.227% after a 24-year high. Oil prices remained a key driver of inflation concerns.
Treasury yields pulling back from multiyear highs gave tech stocks a Friday morning boost, but surging oil prices, a looming Fed statement, and a fresh consumer sentiment reading still stand between bulls and a clean weekly close.