Treasury to Announce Results of $16 Billion 20-Year Bond Auction

The U.S. Treasury is scheduled to announce the results of a $16 billion auction of 20-year bonds. This announcement is a key event for investors and market watchers, as it provides insights into the current demand for long-term government debt. Bond yields have been closely monitored this week, holding near their recent highs. This comes after U.S. President Trump pledged a raft of import tariffs and inflation in Britain jumped to a 10-month high. Earlier in the week, San Francisco Fed President Mary Daly expressed concerns about persistent price pressures in the U.S., emphasizing the need for restrictive monetary policy until further progress is made on inflation. The market is also anticipating the release of the minutes from the Federal Open Market Committee (FOMC) meeting, which could provide further clues about the Federal Reserve's future monetary policy decisions. Fed Vice Chair Philip Jefferson is also scheduled to speak at Vassar College, adding another layer of anticipation to the day's events.