News
🚨 🇺🇸 US 20y sale tails 0.9bp at 5.469%
🚨 🇺🇸 US 20y sale tails 0.9bp at 5.469%
- 🇺🇸 US Treasury sold USD 13bln of 20-year bonds at a 5.469% high yield vs 5.460% when-issued, a 0.9bp tail, per newswires (17:00 GMT / / 17:00 GMT)
- Yield 5.469% vs 5.420% prior sale and 5.120% six-auction average
FO view: Firm cover and direct bids make it a price issue rather than a collapse in demand, so it leans against the afternoon risk-on tape rather than reversing it.
Not investment advice.