Who will buy our debt?? EVERYONE.
Foreign Buyers Took 42% of September 30yr Treasury Auction vs. Recent Average of Around 12%
Separately, the most recent 10yr auction this past week saw dealers take only 2.5% with the auction clearing around 1.7bps through the 1pm level.
The 30yr auction dealer take was 6.8%, the 3rd lowest on record, and it came on the screws after a 12bp intraday rally off the yield highs.
Foreign Buyers Took 42% of September 30yr Treasury Auction vs. Recent Average of Around 12%
Separately, the most recent 10yr auction this past week saw dealers take only 2.5% with the auction clearing around 1.7bps through the 1pm level.
The 30yr auction dealer take was 6.8%, the 3rd lowest on record, and it came on the screws after a 12bp intraday rally off the yield highs.