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Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump

Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump After yesterday's stellar 10Y auction, which saw the 5th highest Indirect take down on record, today's reopening of $22BN in 30Y paper (via Cusip UU0) was a mirror image: ugly, poor foreign demand, and tailing. Starting at the top, the auction priced at a high yield of 5.02%, down fractionally from 5.046% last month (which was the first 5% coupon auction in history). And just like last month, today's auction also tailed the When Issued 5.008% by 1.2bps; this...
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Mar 12, 2026 / Tyler Durden
Nearly 20% Of House Hunters Looking To Relocate: Report
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May 29, 2026 / Tyler Durden
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Jun 30, 2026 / Tyler Durden
xAI Rolls Out Data Center Dividend For Residents Around Memphis Colossus
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