There's a 20-Year Treasury Auction Today. What to Know.

There's a 20-Year Treasury Auction Today. What to Know.

A consciousness of calm is emerging successful the enslaved market, with yields good beneath the highest levels seen past week. A authorities enslaved auction could awesome whether it remains.

The Treasury Department volition auction $13 cardinal worthy of 20-year Treasuries astatine 1 p.m. Eastern.

The auction comes arsenic the 10-year output has settled astir the 4.3% people aft a tumultuous past week. Yields surged to 4.59% connected Friday, the highest since mid-February. Higher yields mean idiosyncratic determination is selling U.S. debt; yields and enslaved prices are inversely related.