After Several Weak Auctions In A Row, Here Is How Today's Critical 30 Year Issuance Is Shaping Up

Tyler Durden's picture

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gwar5's picture

Good to know. I'll keep an eye out.

RobotTrader's picture

If necessary, the Fed will engineer a mini "flash crash" in stocks in order to get everyone to stampede back into dollars and U.S. Treasuries.

Works every time.

Dadoomsayer's picture

I've noticed the exact same thing.  I  was thinking the market would be weaker due to the fed trying to flood people into the 30 year auction.


Even with equities down, it appears that there won't be much interest in bonds.  New mutli-month low yesterday in the 30.

SheepDog-One's picture

Stampeding fools and their money will soon be parted. Actually its amazing the fools playing this manipulation scheme ever had their money to begin with.'s picture

hi robo, i just want to let you know i miss your column. i liked the girlie pictures you use to post. now it seems like you have been relegated to just a commenter who can post graphics. it seems that william has taken over you and cheeky's space at the top bar. he is very very good emerging artist and mind. but he is very straight and never even curses (that is not really the word i wanted to use but forgot how to spell cusses). never using bad words or referencing derogatory body parts. but suppose there is a reason for changing of the guard.

treemagnet's picture

So the real question is how many bps would it take?  30?

knukles's picture

At some point it will take a mere hiccup in world events to create another run to long term treasuries.  Fictionally fixed Europe falling apart again (Sounds like the start of a song, eh?) increased trade or FX tensions, doesn't matter, as the low growth deflation trade comes back on.  And maybe a 5% long bond?  T'would look pretty handy with next to zero inflation and all other markets being "manipulated."

Could be a nice pop somewhere ahead for "risk free" long duration income oriented assets. 

docj's picture

It will go off without a hitch.

Fanatic's picture

2.31 bid to cover. Santelli gives it a D minus.