Treasury Auctions Are Usually Boring. Why Today’s Could Shake the Stock Market.

Treasury bonds that mature in 20 years will be auctioned off on Wednesday–an event that could spook the stock market if it goes too badly.

There’s a concern that the auction might not generate strong demand. That was the case with the last auction of a long-term bond, the 30-year, last week. Recent auctions for the 10-year and three-year Treasuries were also weak. “We see bearish risks further out the curve,“ wrote Jay Barry, co-head of U.S. interest rate strategy at JPMorgan last week. The “20-year auctions have had a result similar to the 30-year auction result in eight of the last 12 instances, albeit with” slightly better uptick.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open lower as Treasury yields jump after retail sales stronger than expectedChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »