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30Y Auction: Foreign Demand Surges
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30Y auction experiences increased foreign demand, reaching a 13-month high in high yield. The auction resulted in a significant drop in yields, with the 10Y now trading at 4.14% after rising above 4.16% before the auction.
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How might the ample opportunities for funding in the $10 trillion gross issuance affect the overall stability of the bond market?
How might the surge in foreign demand in the 30Y auction impact global bond markets?
What factors could have contributed to the significant drop in yields during the auction?
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