1113 ET - A $16 billion 20-year Treasury bond auction scheduled for 1 p.m. ET is being watched as a gauge of demand for U.S. government debt amid rising fiscal concerns. Fears that spending in Washington is growing amid dimming appetite for U.S. debt fueled a bonds selloff this week. Deutsche Bank economists write that 20-year yields have risen around 17 basis points from the previous month, to near 5%. In last month's auction, "end-user demand fell to 83.0% from 91.2% in the previous month," Deutsche Bank says. Meanwhile, the iShares 20+ Year Treasury Bond ETF falls 0.7%, on pace for its lowest close since 2023, according to Dow Jones Market Data. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 21, 2025 11:13 ET (15:13 GMT)
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