The Vault · 2026-03-25 18:56:59 · ZeroHedge
The U.S. Treasury's latest 5-year note auction has delivered another stark signal of weakening demand for government debt. The sale of $70 billion in notes stopped at a high yield of 3.966%, tailing the 'when-issued' yield by 1.4 basis points—the largest such gap since October 2024. More critically, the bid-to-cover ra...
The Vault · 2026-03-26 19:27:11 · ZeroHedge
The U.S. Treasury's $44 billion 7-year note auction concluded with troubling metrics, signaling persistent weak demand for government debt. The auction stopped at a high yield of 4.255%, a sharp jump from 3.790% in February and the highest level since January 2025. It also tailed the When-Issued yield by 0.8 basis poin...
The Vault · 2026-04-09 20:27:15 · ZeroHedge
The U.S. Treasury's latest 30-year bond auction has flashed a subtle but notable signal of weakening demand. The sale of $22 billion in 30-year bonds resulted in a 'tail,' meaning the final yield was higher than the market expected at the time of the auction. This 0.5 basis point tail is the first such occurrence for t...