Today's 20-year US Treasury auction signaled strong investor demand, with foreigners accounting for 65.2% of the $16 billion of debt sold.
Apparently the US government can continue to borrow like a drunken sailor, and "foreign buyers" are still willing to lend them money!
Or is the Fed buying these bonds indirectly through the Cayman Islands? 🤔
I suspect that the fed buys the majority of it's own debt. Not openly, but still.
"off the books" ;)
Yeah. Don't let them catch you doing anything "off the books" though.
Rules for thee, but not me!
Who in their right mind buys it atm?!?
People who aren't aware of The Great Reset, I imagine.
Correction: Reuters reports tepid demand at today's $16B 20-year Treasury auction amid deficit worries from the tax bill. Foreign participation was notably soft, not the 65.2% cited—more like jittery buyers overall 🇺🇸