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US 30-year T-bond Auction Has Weak Bid

Foreign investors are seemingly NOT seeking safety with the 30-year US Treasury bond if the auction today is any indication.

The 30-year Treasury auction saw a decline in bidder participation, largely due to the absence of foreign interest.

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The 30-year Treasury price declined and the yield jumped.

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Could this be a sign of foreign investors finally sick of US uncontrolled spending and deficits? Since the US House of Representatives holds the purse strings of the Federal government, is this Speaker Pelosi’s famous chili?

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