Flash
US Treasuries Drop after Weak 20-Year Bond Auction
Less than 1 min read
Treasury market trying to stabilize after collapsing after $16B 20Y auction demand deemed weaker than expected. And it took US equity market with it. In downdraft, 20Y yielding hit 5.12% vs auction award 5.047%. 10Y hit high yield 4.609% and 30Y 5.099%. Curves steeper. DJIA down about 800 points. US assets need support amid all the volatility emanating from Trump Admin. Weak auctions are not helping.