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Message
re: Just in -- Treasury’s $24 billion 30-year bond auction goes poorly today
Posted on 11/9/23 at 3:02 pm to LuckyTiger
Posted on 11/9/23 at 3:02 pm to LuckyTiger
quote:You're a lot more knowledgeable about financial markets than I am so could you please explain to me the significance of the the Treasury's 30-year bond auction drawing less demand than was expected?
There are people that will tell you this means nothing.
Those people are idiots.
I'd especially like for you to teach me what "the bid-to-cover ratio and yield concession" means.
I'd really, really appreciate it.
1
Posted on 11/9/23 at 3:22 pm to LSURussian
I'm guessing the indirect bids were up too 
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