US 20-year bond auction just had its worst showing ever - Protos | Informed crypto news
US 20-year bond auction just had its worst showing ever - Protos | Informed crypto news
Source: Protos | Informed crypto news
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DW NOTE
The US just struggled to sell 20-year paper while running a $1.9 trillion deficit, raising rates into an oil shock, and financing both with foreign demand that has spent two years building payment rails specifically to avoid Treasury exposure. The auction failed because the buyer base is shrinking by design — and the Fed is tightening into it anyway.