🚨 Long term bond yields are crashing as traders anticipate that Treasury will cut 20-year and 30-year bond auctions next month.
30-year is down -3 bps
20-year is down -4 bps
10-year is down -3 bps
BlackRock also just ended its bearish bet on US long term bonds, which it held for most of the past 6 years.
After one of its worst quarters, investors are finally allocating to US bonds.
#CPIWatch #BTCDominanceBackAt60% #BinanceSquareTalks
30-year is down -3 bps
20-year is down -4 bps
10-year is down -3 bps
BlackRock also just ended its bearish bet on US long term bonds, which it held for most of the past 6 years.
After one of its worst quarters, investors are finally allocating to US bonds.
#CPIWatch #BTCDominanceBackAt60% #BinanceSquareTalks