U.S. 20-Year Treasury Auction Clears at 5.420% as Long-Term Yields Stay Elevated
JH Kim
Summary
- The U.S. Treasury’s auction of 20-year notes cleared at 5.420%, showing that long-term Treasury yields remain elevated.
- The $13 billion auction of 20-year Treasuries drew solid demand, with a 2.57 bid-to-cover ratio.
- Elevated long-term Treasury yields are weighing on the stock and housing markets, as well as funding conditions for companies and households.
Forecast Trend Report by Period
The U.S. Treasury’s auction of 20-year notes cleared at 5.420%, extending the period of elevated long-term yields.
Walter Bloomberg reported on September 15 that the $13 billion sale of 20-year Treasuries stopped at 5.420%.
The bid-to-cover ratio was 2.57, signaling solid demand. Indirect bidders, including foreign central banks and asset managers, were awarded about $6.8 billion.
Elevated long-term Treasury yields are continuing to weigh on the stock and housing markets, as well as funding conditions for companies and households.
JH Kim
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