The U.S. Treasury's Tuesday 20-year bond auction cleared at a record 5.42% yield-to-maturity, signaling weaker demand at the sale. According to NS3.AI, indirect bidders took 52.5% of the $13 billion auction, the lowest percentage on record for a 20-year Treasury auction. Bids covered the sale 2.57 times, below the 2.65 average of the previous six auctions.
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STOCKS | U.S. Treasury 20-Year Auction Yields Record 5.42% as Indirect Demand Hits Low
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