Treasury yields rise on soft demand at 20-year auction
The 20-year Treasury auction cleared at 5.42% yield; yields tick higher as investors seek steeper returns for long-term lending to Washington.
1430 ET - Treasury yields edged higher as investors asked for higher returns to lend to Washington over the long term. 42%, the highest since 1986, when the tenor was discontinued, and since it was reintroduced in 2020. Demand indicators were…