U.S. Treasury to auction $16 billion in 20-year bonds Wednesday, facing highest borrowing cost in six years
The auction aims to help finance the country's nearly $1.8 trillion budget deficit this year. Investors are anticipated to demand a yield close to 5.8%, which would be the highest cost for Washington to borrow this way since the 20-year tenor was last auctioned six years ago.
Source:MarketWatch · Source Link
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