US 20-year bond auction posts worst showing on record as indirect bidders take record-low 52.5%, Protos reports

The US 20-year Treasury bond auction recorded its worst showing ever, according to Protos, with indirect bidders taking only 52.5% of the sale — the lowest percentage ever recorded, per Casey Donaldson. The result marks an unprecedented weak reception for the long-dated US government debt sale and a record low in foreign demand for US debt.

Detected & updated continuously · Source: Nebula