Reports Disagree on Status of $16B 20-Year Bond Auction
Yahoo Finance and CryptoBriefing disagree on whether the $16 billion 20-year Treasury auction has already taken place with weak results or is still scheduled to occur.
Yahoo Finance and CryptoBriefing disagree on whether the $16 billion 20-year Treasury auction has already taken place with weak results or is still scheduled to occur.
What all sources agree on
- The story concerns a 20-year Treasury bond auction and a steepening yield curve.
- 20-year yields were around 5.25%-5.27% as reported by both outlets.
- The auction size referenced is $16 billion.
- Both note the auction as a test of investor demand for long-term debt.
Where the reports disagree
1Whether the $16 billion 20-year auction has already occurred or is still upcoming
The Treasury Department is slated to sell $16 billion of 20-year debt on Wednesday.
A separate, larger auction worth $16 billion drew demand that fell below expectations, which contributed directly to the subsequent push higher in long-end yields.
What would settle it: The U.S. Treasury Department’s official auction results release for the 20-year bond (TreasuryDirect auction results page).
What to make of it
Treat the general direction of rising 20-year yields and a steepening curve as established, but do not rely on either account for whether the $16 billion auction’s results are already known — check the Treasury’s own auction results before citing an outcome.
Treat the general direction of rising 20-year yields and a steepening curve as established, but do not rely on either account for whether the $16 billion auction’s results are already known — check the Treasury’s own auction results before citing an outcome.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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