10Y Auction Tails As Foreign Demand Dips

There is no doubt that Chinese firms have made many advances in AI technology, but how far they can go in the future still is an open question.

Futures Slide As Tech Tumbles On Fears Of AI Slowdown, Oil Jumps US futures are sliding, dragged by fears of a possible AI development slowdown as well as higher oil prices (Brent > 108), though bond yields are not reacting yet (10Y yield still under 5%). As of 8:00am ET, S&P futures are down 0.6%, and potentially facing their first down 1% day since late July; Nasdaq futures plunging 1.5% as AI-linked stocks like chipmakers and memory tumble in US premarket trading following a call to put the brakes on developing cutting-edge...

Bonds Crash Most Since Liberation Day After Catastrophic 5Y Auction; 2nd Biggest Tail On Record Coming into today's 5Y auction, the bond market was collapsing, with yields across the curve soaring but especially the 5Y exploding a crazy 15bps heading into today's auction (of 5 Year treasuries), a massive concession which we thought would lead to "lots of demand" for today's offering.  *TREASURY 5-YEAR YIELD RISES 15 BASIS POINTS ON DAY TO 4.99% At least there will be lots of demand for paper in today's 5Y auction — zerohedge (@zerohedge) September 23, 2026 Boy,...