U.S. 30-year bond auction causes market volatility 🤔
The $24 billion 30-year bond auction had its worst tail since 2011 (about 5 basis points), with a bid multiple of 2.24x, indirect bidding interest of just 60%, and end demand of 75%, all since The worst indicator performance since November 2021, the market's reaction was swift and ruthless, with bond yields once soaring 21 basis points, dragging SPX futures down 0.5%, and the dollar against the yen rose above 151.