Why the next 20-year Treasury auction is ‘must-see TV’ for investors after the Moody’s downgrade - MarketWatch

1. Moody's downgrade has spurred concern over U.S. bond auctions. 2. The first 20-year Treasury bond auction post-downgrade is scheduled for Wednesday. 3. Current yields for 20-year and 30-year Treasuries are approaching 5%. 4. Foreign demand for U.S. debt is recovering, but some segments remain weak. 5. Investors watch for life-insurance and pension fund appetite at higher yields.