JPMorgan expects strong demand for the US Treasury Department's $22 billion 30-year bond auction

JPMorgan interest rate strategists stated in a report that the US Treasury’s 30-year bond auction is expected to attract robust demand. “Given that yields are at historically attractive levels and valuations are reasonable, we believe Thursday’s auction will be absorbed relatively smoothly.” The US Treasury will auction $22 billion in 30-year bonds on Thursday. According to Tradeweb data, the yield on 30-year US Treasury bonds fell by 0.1 basis points to 5.285%.