I missed a small data, the sales of 3-year#USbonds in this issue.
In the short term, the demand has obviously dropped, but the number of households and satisfaction with the current interest rate are good, so the sales are good.
At 1 a.m., it is the sales of 10-year US bonds. I will take a look when I have time.
Looking at the sales of 3-year Treasury bonds alone, it is currently impossible to judge whether it is trading in a recession or trading in a rate cut.
