U.S. 20-YEAR TREASURY YIELD HITS 5.42% The Treasury’s $13 billion 20-year bond auction cleared at a high yield of 5.420%, highlighting elevated long-term borrowing costs. Demand remained solid, with a 2.57 bid-to-cover ratio, while indirect bidders took roughly $6.8 billion. Market angle: persistently high long-term yields remain a major headwind for equities, housing and broader financial conditions.(彭博社)