Treasury Auction Weakness Sparks Debate Over Whether Yields Will Rise Further

Recent Treasury bond auctions have seen weak demand from investors.

Strategists at TD Securities say this could be a "canary in the coal mine" signaling higher yields ahead.

They warn lack of demand could allow yields to retest recent highs, with 10-year possibly hitting 5%.

But Ed Yardeni thinks current yields are high enough to attract buyers again.

Yardeni forecasts yields stabilizing around current levels, contrasting with projections of yields above 5%.