US sells 20-year bonds at 4.595% vs 4.562% WI ...Middle East

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US sells 20-year bonds at 4.595% vs 4.562% WI
3.3 bps tailBid to cover at 2.39 vs 2.53 prior$16 billion auction size was left unchanged even as 10s and 30s were increasedThe 20-year is in a tricky spot on the curve but this is adding selling pressure to the fixed income complex. US 10s and 30s are both up approximately 2 bps and that's weighing on stocks. The US dollar is a touch higher across the board. You have to wonder if the Treasury knew that the 20-year space was a tricky spot to find demand.Still, it's odds to see 10s at 4.33%, 20s at 4.61% and 30s at 4.48%. This article was written by Adam Button at www.forexlive.com.

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