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mmayr

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mmayr

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Thursday, 11/09/2023 2:29:50 PM

Thursday, November 09, 2023 2:29:50 PM

Post# of 40619
Stocks Tumble, Yield Surge After Catastrophic 30Y Auction Stops With Biggest Tail On Record As Foreign Demand Craters

Complete disaster.

That's the only way one can describe today's 30Y auction, which many expected could be challenging after a mediocre 3Y and a subpar 10Y auction earlier this year, but nobody expected... this.

The bond priced at a high yield of 4.769%, which was below last month's 4.837%, and just shy of the April 2010 high. But more importantly, it tailed the When Issued by a whopping 5.3bps, which was... well... terrible, because as shown in the chart below, this was the biggest tail on record (going back to 2016).

See Article Here: https://www.zerohedge.com/markets/stocks-tumble-yield-surge-after-catastrophic-30y-auction-stops-biggest-tail-record-foreign

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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