#24 Daily Financial News Round Up - Nov 24,2021
What news caught my attention?
Tech stocks push the indices up ahead of the holidays. Higher household spending and lower consumer sentiment help increase stocks’ prices.
Treasury’s 20-year bond was reintroduced last year after it was retired in 1986 with a promise of higher yield. Investors are not keen on holding the 20-year bond. Instead, they prefer holding 30-year bonds over 20-year bonds and demand extra return for holding the 20-year bond. Treasury curve yield looks normal except for the 20-30 year area section. Liquidity might explain this puzzling trend.
My Takeaways:
20-year treasury bonds are not gaining steam amongst investors. It is a puzzling phenomenon.