Fed should move toward hiking rates as inflation rises, says Citadel Securities - Investing.com

Gold and silver prices under pressure from rising inflation and rate expectations, new Indian import tariffs – Heraeus  KITCO

Bill Dudley Warns Years Of Missed 2% Inflation Goal Could Undermine Confidence In Fed  TradingView

Mediocre 2Y Auction Prices At Highest Yield Since Feb 2025 With Treasury yields sliding 4 days in a row, today's 2Y auction was not seen as especially concerning (certainly not as much as a week ago, when the 10Y was knocking on 4.70%'s door, vs 4.50% where it trades today). Still, while the auction did have it strong sides, it was hardly stellar. Starting at the top, the $69BN sale of 2Y paper priced at a high yield of 4.071%, up 26bps from 3.812% a month ago, and the highest since Feb 2025. The auction also priced on the screws with the When Issued 4.071%, following three straight tailing auctions, so a modest improvement there. The bid to cover was 2.640, which was down modestly from 2.653 a month ago, but above the 2.62 six-auction average. The internals were in line: Indirects (aka foreign buyers) took down 57.6%, up from 56.48% a month ago but below the 57.9% recent average; and with Directs almost flat at 30.1% (down from 31.65% in April, and above the 29.3% recent average), Dealers were left holding 12.30%, up from 11.87% a month ago and just below the 6-auction average of 12.84%.