Foreign banks skip $42B 10 yr bond auction with no explanation. Treasury pushes supply despite saying it wouldn’t

The U.S. Treasury just tried to borrow $42 billion in a 10-year auction. The auction tailed. Demand was soft. Foreign banks didn’t show. The bonds cleared at 4.255%, nearly 0.01% above trader expectations. https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-08-06-2025/card/treasury-yields-extend-rise-after-lackluster-10-year-note-auction-HTBkouvfXmDCyCkNft6O 🚨The U.S. just tried to borrow …

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$183B of 3s, 5s and 7s on auction next week

$183B of 3s, 5s and 7s on auction next week pic.twitter.com/0xpbha0Cej — Markets & Mayhem (@Mayhem4Markets) June 21, 2024 Next week, the U.S. Treasury is set to auction $183 billion in marketable securities. Here’s the breakdown: 3-Year Treasury Notes: An …

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Recent intra-day reversals are due to institutional dumping of tech stocks, selling to retails. The weak 30 year treasury auction + Fed’s BTFP emergency lending window at a new all time high = We are in the final countdown.

These massive intra-day reversals we've been seeing lately are a result of institutions dumping Tech stocks en masse. A process known as "distribution" i.e. selling to retail late money. Here we see (Chaikin) money flow has collapsed. Note the difference …

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