Treasury yields jump as auction of 20-year bonds tests Wall Street's appetite for more US debt

Tech Insider : Economy
A US Treasury payment check.
A US Treasury payment check.

Douglas Sacha/Getty Images

Bond yields are hitting multiyear highs. Don't expect them to fall soon.

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New York Stock Exchange traders in October 2023, watching indexes on monitors.
The bond market sell-off may not end anytime soon, Barclays said.

ANGELA WEISS / Getty Contributor

An astonished family discovered that a painting that decorated their living room for decades was a Van Dyck that could be worth millions

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An employee in front of
"Charles I at the Hunt," by Anthony van Dyck, at the Royal Academy of Arts, London.

Jack Taylor/Getty Images

US stocks drop as hot inflation data and a weak Treasury auction send yields back up

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stock trader head in hands frustrated

Richard Drew/ASSOCIATED PRESS

Treasury bond auction runs into weak demand amid fears that soaring US debt will overwhelm Wall Street

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Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen
Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen participate in a meeting of the Financial Stability Oversight Council at the US Treasury on July 28, 2023 in Washington, DC.

Kevin Dietsch/Getty Images

A mystery owner has just put a collection of 56 Porsches up for auction — and they're all white

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"The White Collection" of 56 porsches

RM Sotheby's

Here's what it would take to restore the rusted remains of a 1954 Ferrari purchased for $2 million to its glory days

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1954 Ferrari 500 Mondial Spider Series I by Pinin Farina
A 1954 Ferrari 500 Mondial Spider Series I seen at an auction, left, and at the 1954 Mille Miglia race in Italy, right.

Courtesy of Darin Schnabel, The Klemantaski Collection, and RM Sotheby's

Someone just paid almost $2 million for the rusted shell of a 1954 Ferrari

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A 1954 Ferrari 500 Mondial Spider Series I, part of the the Lost & Found Collection presented by RM Sotheby's during Monterey Car Week
The remains of the 1954 Ferrari 500 Mondial Spider Series car auctioned by RM Sotheby's.

Matt Jelonek/ Getty Images

A rare, bright-red Ferrari 250 GTO that initially sold for $6,000 in 1964 could soon be auctioned for $60 million

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Ferrari 250 GTO
A rare, bright-red Ferrari 250 GTO that initially sold for $6,000 in 1964 is soon going on auction for $60 million.

Ferrari

Elon Musk is auctioning off Twitter's signs and decorations as part of the X HQ overhaul — take a look

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Twitter logo on building
The Twitter logo on its San Francisco HQ, before it was taken down on the order of Elon Musk, who rebranded the company to be called X.

Tayfun Coskun/Getty Images

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