This was a stellar 2Y auction and one would hardly have guessed that the bond market had gone through the most turmoil of 2026 just a few days earlier.
ZeroHedge Reads
Alt-Market
AntiWar.com
Bitcoin Magazine
Bombthrower
This was a very strong 3Y auction which curiously comes in a very ugly day for the bond complex, which seemingly oblivious of the…
Overall, this was a medicore auction which priced on the strong side but whose internals offset that strength, printing a bit…
The Treasury could not have stacked two more opposite auctions if it tried...
In summary: this was a very ugly, tailing auction, which saw foreign demand tumble, offset by the biggest "backstop" bid from…
...the balance of risks tilted toward a rally, citing crowded bearish positioning, improving inflation data, and overstated Fed…
Below the bond market's smooth surface, things are starting the crack as a result of the unprecedented reliance on short-term…
