US Bond Auction Flops As Fiscal Fears Grow

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The U.S. government’s $16 billion 20-year bond auction, the first major sale since Moody’s downgraded the U.S. credit rating, yielded a 1.2 basis point tail despite offering over 5%, signaling investor unease with fiscal irresponsibility, leading to sell-offs in the dollar, U.S. equities, and Treasuries.

Video Length: 00:01:38


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