0552 GMT - The U.S. Treasury's 30-year bond auction is expected to attract solid demand, J.P. Morgan rates strategists say in a note. "Given the historically attractive yield and fair valuations, we think tomorrow's [Thursday's] auction will be digested relatively smoothly," they say. The Treasury will auction $22 billion in the 30-year bonds on Thursday. The 30-year Treasury yield is down 0.1 basis point to 5.285%, according to Tradeweb.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.