Yesterday’s soft 20-year auction and the resulting rout in equities has everyone watching bonds a bit more closely.
The front end of the curve is more-sensitive to the Fed and less sensitive to government debt but given the circumstances, next week’s slate will still be watched closely:
Tuesday, $69 billion of 2sWednesday $70 billion of 5sThursday $44 billion of 7s
The next sales of longer-dated debt will be 10s on June 11 and 30s on June 12.
This article was written by Adam Button at www.forexlive.com.