Treasuries wiped out an early rally after an Iranian official said the ceasefire deal with the US had been violated.
The US Treasury building in Washington, DC, US, on Tuesday, Aug. 5, 2025. The US government plans to borrow $100 billion in a single Treasury debt sale this week, an unprecedented figure that showcases both the magnitude of its borrowing needs and its ability to attract investors. Photographer: Al Drago/Bloomberg