Bonds Crash Most Since Liberation Day After Catastrophic 5Y Auction; 2nd Biggest Tail On Record
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Source: Zero Hedge
Published: 2026-09-24 03:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Coming into today's 5Y auction, the bond market was collapsing, with yields across the curve soaring but especially the 5Y exploding a crazy 15bps heading into today's auction (of 5 Year treasuries), a massive concession which we thought would lead to "lots of demand" for today's offering.
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