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Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
After several weeks of decidedly ugly auction which saw a notable drop in foreign demand amid what we reported a week ago was rampant selling of US debt by foreign central banks, moments ago the Treasury sold 3Y notes in what may have been the best auction since the start of the war.
Just after 1pm, the US treasury sold $58BN in 3Y notes at a high yield of 3.897%, up sharply from 3.579% a month...
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Democrats in the House and Senate vowed on Thursday that they will hold a vote next week on War Powers Resolutions aimed at blocking President Trump from launching an attack on Iran without congressional authorization, as required by the US Constitution. Contact your representatives in the House and tell them to support H.Con.Res. 38 to prevent […]
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Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse
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Unless you have been living under a rock, you'll know that South Korea's stock market has been rocketing higher on the back of the AI/Semi speculation as SK Hynix and Samsung have dominated (accounting for over 40% of the KOSPI market cap)...
But, as the following chart from Goldman Sachs shows, this surge in Korean stocks has been driven by domestic Retail investors as Foreign investors have fled that market en masse...
These outflows have sparked a collapse in the...
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