Goldman Sachs trading desk called long Treasuries "still totally bidless" with 10-year near 5.34%, per credible report

Goldman Sachs' trading desk described long-dated Treasuries as "still totally bidless", with the 10-year yield near 5.34%, indicating thin demand for 10- to 30-year debt rather than zero buyers for US bonds. Treasury Secretary Bessent separately called the market "a very illiquid period" and lifted buybacks.

Detected & updated continuously · Source: Nebula