Roaring Twenties: What To Expect From Today's 20Y Auction
May 20, 2020 at 11:24 AM EDT
Today, May the 20th marks the first auction of 20-Year Treasury bonds since 1986 with an inaugural auction size of $20 billion, and with the When Issued trading at 1.23%, there is a non-trivial chance the auction will price at 1.20%!