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US sells 20-year bonds at 4.010% vs 4.028% WI

US sells 20-year bonds at 4.010% vs 4.028% WI
Prior sale was 3.954%, six auction average 4.04%Bid to cover 2.87 vs 2.56 priorThe front-end has been pushing up on higher rate hike expectations but the long end has been flat for the past month. This 1.8 bps stop through is a strong indication that long-dated bonds are still in demand. The kink in 20s (4%) vs 30s (3.83%) is also a factor. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Jun 21 2023, 17:04
Author Name: forexlive
Views: 111735

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