10YR Treasury Auction Wednesday. Who's Buying?
Treasury has a 10YR auction this Wednesday. Treasury auction calendar below.
It will be interesting to see who will buy the 10YR. The risky thing is that most of the new Treasury issues are short-term maturities, which means that market risk is front-end loaded. Few investors want long maturity Treasuries.
The USD continues to lose value and will continue to lose value so long as the supply of Dollars continues to explode given multi-Trillion dollar deficits and easy monetary policy (notably, the Fed’s zero percent reserve requirement).