20-Year Auction Sees Strong Demand

20-Year Auction Sees Strong Demand By Karishma Vanjani The Treasury Department auctioned U.S. debt that matures in two decades, and investors bought it up. It sold $13 billion of newly issued 20-year bonds at 1 p.m. Eastern. Today's auction saw investors accept a yield of 4.846% on the 20-year note, which was 0.011 percentage points lower than the yield seen before the bidding deadline. Lower rates signal demand is strong, as the Treasury didn't have to pay up investors with higher yields to buy the debt. C ...