The recent decline (mainly in US stocks) was due to the not-so-ideal results of the recently concluded 20-year Treasury auction, reflecting a decrease in market demand for medium to long-term US Treasuries, rising interest rates, and an increase in the proportion of primary dealers passively taking up the bonds.

To successfully issue debt, the US government has to pay higher interest rates (i.e., higher winning bid rates) to attract buyers. This indicates a weakening demand for medium to long-term bonds or an upward adjustment in pricing for future interest rate risks (such as inflation and fiscal spending).

Overall purchasing willingness has weakened, driving the yield on 20-year US Treasuries up to 5.104%, the highest since November 2023.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。