The demand for US bond auctions becomes a key variable: strong demand may suppress yields and save the US dollar

Chris Weston, an analyst at Pepperstone, said that investors will pay close attention to the upcoming US treasury bond auction after the yield of the 30-year US treasury bond bond recently rose to the highest level since the end of 2023, when the demand level may affect the trend of treasury bond bonds and the US dollar. The United States is scheduled to auction $69 billion of two-year treasury bond on Tuesday, $70 billion of five-year treasury bond on Wednesday and $44 billion of seven-year treasury bond on Thursday. Weston pointed out in a report that the strong demand in this week's auction may help ease market anxiety, promote the return of treasury bond bonds and promote the recovery of the US dollar. However, he said that if the demand is weak (especially from foreign institutions), it will rekindle market concerns about the US debt problem, leading to higher yields and weaker US dollar.