U.S. 20-Year Treasury Auction Shows Softer Demand
The Treasury sold $13 billion in 20-year bonds at a high yield of 5.469%, the auction's highest since Jan. 8, 1986.
Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
6 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
The Treasury sold $13 billion in 20-year bonds at a high yield of 5.469%, the auction's highest since Jan. 8, 1986.
U.S. Treasury yields are hovering near multiyear highs as investors watch Federal Reserve commentary and a 30-year bond auction. The 10-year yield traded as high as 5.353%, while the 30-year yield was around 5.696%.
Bitcoin fell 1.2% to $82,422 as a market note said the asset is increasingly competing with other asset classes for long-term portfolio allocation. The note said the decline should be viewed in the context of bitcoin’s broader mainstreaming, while still remaining sensitive to macro conditions and investor sentiment.
Bitcoin (CRYPTO: BTC) has pulled back to $84,000 over the last week, but the real test is yet ahead in light of rising Treasury yields, according to a Binance Research note published Monday. Brent crude topped $103 on Sept. 23, while PMI data hit a 62-month high. A weak 5-year Treasury auction then pushed October rate
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
The U.S. sold $25 billion of new 30-year bonds at 5.216%, the highest financing cost for that tenor since 2001, while iShares 20+ Year Treasury Bond ETF TLT traded at $81.90, its lowest since June 2004.