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US treasury to auction off $25 billion of 20 year bonds next week

August 13, 2020 by admin 0 Comments

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Expectations were for a $23 billion auction

As the treasury auctions continue at an increasing pace, the US treasury has a announced that they will auction off $25 billion of 20 year bonds next week. That was higher than the 23 billion expected.

Later today the treasury will complete their refunding for the week with the sale of $26 billion of 30 year bonds. The auction will take place at 1 PM ET. The current WI yield is trading at 1.375%

This article was originally published by Forexlive.com. Read the original article here.