Wall Street Revives the Case for Scrapping the US 20-Year Bond

Wall Street Revives the Case for Scrapping the US 20-Year Bond Twenty-five years to the month since the US Treasury shocked investors by ending sales of the 30-year bond, the Treasuries market is debating whether 20-year securities are now set for the chopping block. Deutsche Bank AG strategist George Saravelos recently returned from visiting clients in New York reporting “mumblings of a coming suspension in 20-year Treasury issuance.” A Citigroup Inc. counterpart is advising to position for the 20-year to outperform the 10-year on the prospect of a “reduction, or perhaps cancellation, of the 20-year bond.”