The 20-Year Yields More Than the 30-Year. Germany Sells Both Today.
The Treasury's own par curve has the 20-year above the 30-year on all three business days since the BOJ moved — 5.33 against 5.29, while twos-tens sits at +25bp.
At 09:30 UTC Germany reopens a 2047 and a 2056 for one billion euros each, the exact pair the US curve has inverted, and your calendar shows one of them. Last week's 2056 was offered 1,500 million and allotted 1,257.41 million.