DiscoverEurodollar UniversitySomething Really Weird Just Happened at a Treasury Auction
Something Really Weird Just Happened at a Treasury Auction

Something Really Weird Just Happened at a Treasury Auction

Update: 2025-09-12
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That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.
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Yesterday's 10-year note auction produced something we've never seen before, and it totally upended everyone's expectations if not more. With the macro climate being what it is, the 10s sale was a "victim" of the increasingly prominent curve reshaping we're seeing everywhere. And "everywhere" absolutely includes the long bond, the 30-year maturity the mainstream has its sights on. 

Eurodollar University's Money & Macro Analysis

Bloomberg Big Banks Nearly Get Shut Out of Treasury 10-Year Auction
https://www.bloomberg.com/news/articles/2025-09-10/big-banks-nearly-get-shut-out-of-treasury-10-year-auction

Bloomberg Trump Isn’t the Only Reason the Price of Money Is Rising
https://www.bloomberg.com/news/articles/2025-09-11/podcast-trump-isn-t-the-only-reason-the-price-of-money-is-rising

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

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Something Really Weird Just Happened at a Treasury Auction

Something Really Weird Just Happened at a Treasury Auction

Jeff Snider