IPFS News Link • Economy - Economics USA
-
Special Editions
- Global
- Due Diligence
- Love Bus Liberty Tour
- Vaccine Education Summit
- Bitcoin Summit
- US-Arizona
- US-Tennessee
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
IPFS News Link • Economy - Economics USA
On the surface today's last of the week sale of $16 billion in 30 Year paper was not very different from last month's: at a high yield of 3.652%, it was virtually unchanged from July's 3.66% pricing yield. However, when one looks at the When Issued which was trading notably inside at 3.645%, it becomes clear that this was the first 30Y auction to tail in a while. The real dirt, however, is revealed when looking at the Bid To Cover. Confirming the trend we discussed during yesterday's 10 Year auction of plunging BTCs, today was no difference, and there was just 2.11 dollars in bids for every dollar offered. This was well below the 2.26 BTC from July, far below the 2.56 TTM average, and would have been the lowest going back all the way to February 2009 except for the 2.05 BTC seen during the August 11, 2011 30 Year auction when as a result of the debt ceiling fiasco and the S&P downgrade of the US, there was sheer chaos when it came to bonds which ironically saw a paradoxical collapse in yields even as end demand also plunged.
Current News | Contents By Subject
Additional Related items you might find interesting:Related items:
News Link •
Housing
Homebuyer Payment Hits Record High As Mortgage Rates Climb Back Above 7% For The First Time...
News Link •
Political Theory
BlackRock Triples Larry Fink's Home Security As Anti-Woke Backlash Accelerates
News Link •
Congress-Congressmen
Americans Betrayed: Congress Clears Path To WWIII With Massive Aid Package...
News Link •
Government Debt & Financing
Ukraine Gets Their Billions Despite CIA Director Reportedly Warning Zelenksy To Stop...
News Link •
Economy - Economics USA
"Weekend At Bernie's Economy": Joe Biden, Seeking Another Term, Wheels Out The Corpse.
News Link •
Economy - Economics USA
What Nancy Pelosi Just Earned From The War In Gaza Will ASTONISH You!
News Link •
Congress-Congressmen
Republican Speaker Johnson To Pass $95.3 Billion Foreign Aid Package Using Democrats
News Link •
Federal Reserve