Bond strategist Harley Bassman warned that if the 20-year Treasury yield rises above 6% from its current level near 5.6%, futures-related hedging could trigger selling pressure equivalent to $110 billion in bond issuance, citing negative convexity risks unseen since 2007.
Bloomberg10/14, 12:41 AM
Related assets
Coming up for US20Y
Explore next
Latest US20Y news
InvestingLive10/22, 12:03 AM
LiveSquawk10/22, 12:02 AM
FinancialJuice10/22, 12:00 AM
The when-issued 20-year US Treasury yield stood at 5.460% ahead of a $13 billion auction.