Wednesday, 20 March 2024
by BD Banks
The US treasury is set to auction off $13 billion of 20-year bonds at the top of the hour. The six-month averages of the major components shows:
The last auction last month came in at a high yield of 4.595% with a large 3.3 basis point tail and Bid to cover at a lower than average 2.39X. We will see if the issue is supported by buyers today.
Overall US yields today are lower:
This article was written by Greg Michalowski at www.forexlive.com.