More Good US Debt Auction News

The benchmark ten-year Treasury note was auctioned today in pretty much a disaster.  $39 billion was sold, at an interest rate of 4.68% up from 4.25% just one month ago.  Despite the high interest rate, demand was mediocre at best.  People are nervous about what US finances will look like in ten years.  Wait til you see the reaction to 20 year and 30 year bonds.  I would encourage you to keep a very close eye on these auctions and on the aftermarket for US debt.  This is a clear warning signal to Trump about inflation expectations and even default risk.  He needs to make it a big priority to get the deficit down.  (ZH Post)