Bond Auctions Are Turning Into Wall Street’s Most-Watched Events
The big date on the calendar is a Treasury sale of $22 billion of 30-year bonds.
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Bond auctions are shaping up to be the most-anticipated events on Wall Street.
With yields on long-term debt soaring in recent weeks, investors are paying closer attention to the routine auctions as an instant readout of market demand. The big date on the calendar this week is a Treasury sale of $22 billion of 30-year government bonds on Thursday.