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The 20-year U.S. Treasury auction is the focal point this week, with yields potentially hitting their highest level since the market's reopening in 2020.
Pressure on the U.S. Treasury market continues to intensify. On Wednesday, the U.S. Department of the Treasury will auction $16 billion in 20-year notes, with when-issued yields at approximately 5.27%, potentially setting a record high since the reintroduction of this maturity in 2020. Following recent auctions of 30-year and 10-year Treasuries at multi-year highs, this sale will serve as a critical test of investors' capacity to absorb long-term debt amid dual pressures from inflation and fiscal deficits.
Express News | U.S. 10-Year Treasury Note Auction Yields Highest Rate Since 2007
Express News | Fed's Hammack: Multiple Rate Hikes May Be Needed to Curb Inflation
Nonfarm payrolls arrive tonight at 20:30! Wall Street forecasts diverge: 18,000 or 80,000? Markets brace for high volatility.
The U.S. nonfarm payrolls report for July is set to be released tonight, with Wall Street forecasts ranging widely from 18,000 to 83,000, signaling imminent market volatility. With the Federal Reserve's policy path still uncertain and risks of Japanese yen intervention looming, the cost of dollar options has quietly risen to a recent high, as investors brace for potential surprises.
How should the United States respond to the U.S. Treasury bond yield crisis?
What is the U.S. government most afraid of right now? That long-end Treasury yields—represented by the 10-year note—continue to rise. Over the past decade or so, the U.S. market has implicitly assumed that a normal interest rate range was roughly 0% to 2%; a 10-year Treasury yield above 3% was considered high, and anything above 5% nearly signaled a crisis. Yet an increasing number of observers are now questioning whether the U.S. economy may have entered an era of 'high nominal growth and high interest rates,' suggesting that the new long-term neutral rate for the U.S. might be around 4%, not 2%. Why? Because several factors rarely seen simultaneously in the past are now occurring together: sustained fiscal expansion, a surge in AI-related capital expenditures, manufacturing reshoring, and increased energy investment.
Vanguard Short-Term Treasury ETF To Go Ex-Dividend On August 3rd, 2026 With 0.1823 USD Dividend Per Share
July 31st (Eastern Time) - $Vanguard Short-Term Treasury ETF(VGSH.US)$ is trading ex-dividend on August 3rd, 2026.Shareholders of record on August 3rd, 2026 will receive 0.1823 USD dividend per