30 year treasury auction

This went very badly, primary dealers being left with about 25% of the unsold treasuries:

“Today’s 30 yr auction was outright bad,” Peter Boockvar, chief investment officer at Bleakley Financial Group, said in a research note

I wouldn’t hold any debt issued by any Western government unless I got a return well into double figures.

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Me two – Stocks for the Long Run

intercst

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