*US 20Y BONDS DRAW 5.420% VS 5.400% PRE-SALE WHEN-ISSUED YIELD
Why now
Thesis: Slight auction tail signals marginally softer long-end demand
Catalyst to watch: Next long-bond auction results
Main risk: Rising long-end borrowing costs
Why it matters
The 20-year auction tailed slightly versus the when-issued yield, a sign demand was marginally softer than expected at the long end.
Details
*US 20Y BONDS DRAW 5.420% VS 5.400% PRE-SALE WHEN-ISSUED YIELD
Sources
- x · 2026-09-15 17:04 UTC