US Sells 30-year Bonds at 5.020% vs 5.008% WI

Prior was 5.046% Six auction average of 4.835% Bid to cover vs 2.30x prior The auction prior to this one tailed by 0.5 bps. This is a reopening so it's 29 years, 11-months, not 30 years The 1.2 bps tail is a bad sign in a world where congress is debating even more s

Prior was 5.046% Six auction average of 4.835% Bid to cover vs 2.30x prior The auction prior to this one tailed by 0.5 bps.

This is a reopening so it’s 29 years, 11-months, not 30 years

The 1.2 bps tail is a bad sign in a world where congress is debating even more spending and megacap tech companies are running out of cash to burn on AI capex. am Button

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