Ugly, Tailing 20Y Auction Prices At 2nd Highest Yield On Record; Would Have Been Highest If Bessent Hadn't Panicked
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Source: Zero Hedge
Published: 2026-08-20 03:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Science, Space
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Snippet:
After today's stunning announcement by the Treasury it was doubling the size of long-end buyback operations to boost liquidity in the space, many were closely watching today's 20Y auction - which is viewed as the proximal catalyst to trigger Bessent's panic as it was going to price at the highest yield in the history of the 20Y auction - to see how much demand there was for this key paper.
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