- Auction size: $13 billion in 20-year bonds.
- Auction date: Wednesday.
- 20-year yield: 5.487% in Asian trade (Tradeweb).
Strategists at J.P. Morgan expect the $13 billion 20-year Treasury auction on Wednesday to need more price concession. They point to an unattractive macro backdrop, rich valuations, and unsupportive technicals. The 20-year yield was 5.487% in Asian trade.
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