Skip to content

Wall Street Wonders If Forsaken 20-Year Treasury Bond Is Doomed

  • Even after supply cuts, demand remains weak for newest tenor
  • Expected growth in US borrowing may ensure the bond’s survival
Wall Street near the New York Stock Exchange,

Wall Street near the New York Stock Exchange,

Photographer: Michael Nagle/Bloomberg
Updated on

Is the 20-year Treasury bond headed for the dustbin of history?

Increasingly, that’s the question being asked in Wall Street’s fixed-income circles about the still-unloved US security that was resurrected in May 2020 after a more than 30-year hiatus. Investor demand remains tepid -- despite efforts from the Treasury Department to boost its appeal.