Michael Piang

#US30YBondAuctionYieldHighestSince2001 The U.S. Treasury Department's $25 billion auction of 30-year bonds cleared at a high yield of 5.216%, marking the highest long-term government borrowing costs since August 2001. This milestone reflects aggressive investor demands for higher risk premiums amid ballooning fiscal deficits and persistent inflation anxieties.📊 Key Auction MetricsWinning Yield: 5.216%, up significantly from 5.058% in the previous month's sale.The "Tail": The final yield landed 0.4 basis points higher than pre-auction market trading levels, indicating that demand narrowly lagged expectations and dealers had to offer a premium to clear the supply.Bid-to-Cover Ratio: Slipped to 2.39x (down from July's 2.44x), indicating a mild softening in total bidding volume.Indirect Bids: This cohort, which includes foreign central banks and institutional investors, dropped to 66.8%, continuing a cooling trend from previous highs.$B2 $$BNB