BusinessBNP Paribas Warns Against Cutting 20-Year Treasury Bonds
BNP Paribas cautions Treasury Secretary Scott Bessent against eliminating the 20-year Treasury bond, warning it could raise borrowing costs. The bank's strategists, led by Guneet Dhingra, argue that cutting this bond, which has higher yields than shorter maturities, may backfire by increasing yields and reducing liquidity. They see such a move as a sign of panic and recommend shorting 30-year Treasuries, expecting yields to rise to 5.8%.
Mint Markets·




