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Yeah ... and exactly how many of our treasury auctions have failed? Zero. Overbid by foreign parties, all of them.
by method_capital 15d ago
Yeah ... and exactly how many of our treasury auctions have failed? Zero. Overbid by foreign parties, all of them.
- reenorap 15d agoExactly. Same as when Bessent wanted to buy 6B in long bonds but only bought 5.XB, people said that it failed but anyone who understands knows that it's the opposite. The oversubscription rate is normally 3X or more but this time it was 2X which means that people would rather keep their long bonds, which shows confidence in them.