With treasury bond yields rising, the market is focusing on a 20-year debt auction

File photo.  Headquarters of the U.S. Treasury Department in Washington DC, USA.  August 6, 2018. REUTERS / Brian Snyder
File photo. Headquarters of the U.S. Treasury Department in Washington DC, USA. August 6, 2018. REUTERS / Brian Snyder

Written by Kate Dukit

New York, ap. .

* Small data was released this week and earnings traded within tight limits. The 10-year benchmark yield is down from a high of 1,776% on March 30, and is up 1,552% to 1,633% this week. On Wednesday it traded 1.570% at 1.5 basis points.

* Two-year earnings anchored, which led to a modest improvement in the yield curve between two-year and 10-year debt from 140.8 points the previous day to 141.5 basis points. The Wall Street S&P 500 Index is up 0.32%.

* “Not much is happening. No data has been released for the past few days. We are consolidating these positions. The next big data point will be the central bank. But again, we do not expect much in the way of signals. Monetary policy at next week’s meeting,” said Subatra Rajappa, head of U.S. rate strategy at Society General. Said.

* The Federal Open Market Committee is expected to meet on April 27-28 and no significant changes to monetary policy are expected.

* Then on Wednesday, the Treasury Department will sell $ 24 billion in 20-year bonds. Despite the improvement in demand for new treasury loans this month and March, the 20-year credit auction has been hit by weak demand since maturity re-entered the market in 2020.

(Reported by Kate Dukeit in Spanish by Manuel Farias)

  • Larry Windrow

    "Incurable web evangelist. Hipster-friendly gamer. Award-winning entrepreneur. Falls down a lot."

    Related Posts

    Seasonal Acrylic Nail Care: Adapting to Weather Changes

    As the seasons change, so do the demands on our beauty routines, and acrylic nails are no exception. Whether it’s the cold of winter or the heat of summer, different…

    A Tale of Two Tortoises: Russian and Greek Species Compared

    When choosing a tortoise as a pet, Russian and Greek tortoises are two popular options that often come up. Both species are known for their charm and unique traits, but…

    Leave a Reply

    Your email address will not be published. Required fields are marked *