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US 20-year Treasury auction coming up next

Things haven't been going well for the US Treasury Dept lately.Last week's three auctions all tailed and today, on-the-run 20s have risen 7.9 bps to a cycle high of 5.25% ahead of the sale. The November refunding announcement is expected to bring even larger auction sizes, so today's demand for $13 billion in bonds could be soft. In addition, the market appears to be waiting for 10s to hit 5% now before anyone steps in. They're trading at 4.91% today."We’re skeptical investors’ latest attempt to...
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Posted: Oct 18 2023, 16:55
Author Name: forexlive
Views: 082460