We can’t have a failed bond auction
April 10, 2025 Leave a comment
A failed bond auction is the thing that undoes the prosperity in U.S. capital markets.
Earlier in the week, demand in the 3 year bond auction was weak or ‘tailed’.
It was thought that we’d see weak demand in todays 10 year auction, but an hour before the auction “old mate” makes an announcement which improves the chances of the auction’s success.
A failed bond auction is a proxy for no one wanting to buy America.
That would be embarrassing because that’s the exact product that Trump is trying to sell….
Later this week, it’s the 30 year bond auction.
April 10, 2025
rob@karriasset.com.au
About Rob Zdravevski
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