1. U.S. Treasury's 30-Year Bond Auction Shows Weakness, Posts First 'Tail' Since November
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...