The 30-year Treasury auction today went terribly. Huge price tail; basically a half-failed bond auction. There hasn’t been an auction that bad in many years. Some people chalked it up to a cyberattack on China’s largest bank, which interfered with their ability to do Treasury transactions, while others contested that this was the main issue and instead argued it was a lack of demand for duration. Treasury market liquidity is really weak.
And then like an hour later Jerome Powell was interrupted in an IMF talk by eco-protestors, and he dropped the f-bomb on a hot mic.
Fun stuff.
LynAlden / Lyn Alden
npub1a2…cw83a
2023-11-09 21:10:59
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-11-09 21:10:59Event JSON
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"content": "The 30-year Treasury auction today went terribly. Huge price tail; basically a half-failed bond auction. There hasn’t been an auction that bad in many years. Some people chalked it up to a cyberattack on China’s largest bank, which interfered with their ability to do Treasury transactions, while others contested that this was the main issue and instead argued it was a lack of demand for duration. Treasury market liquidity is really weak.\n\nAnd then like an hour later Jerome Powell was interrupted in an IMF talk by eco-protestors, and he dropped the f-bomb on a hot mic.\n\nFun stuff.",
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