关于20年期国债拍卖收益率达5.42%的思考：债券市场血洗仍在继续
· wolfstreet.com
Some Thoughts on the 5.42% Yield at the 20-Year Treasury Auction: Bond Market Bloodbath Continues
The function of yield is to create demand. And it did.
The 20-year Treasury bond auction today was a doozie. It took a yield of 5.42% to find enough demand to ...