#USNationalDebt
The latest US state bond auction shows strong demand for medium-term debt, but lower interest for the long term, signaling increasing investor concerns about the US long-term fiscal outlook.
10-Year Bond Auction (June 11): Yield was recorded at 4,421% with a bid-to-cover ratio of 2.67—showing high demand. As much as 89% was bought by non-dealer accounts, indicating investors' strong interest and confidence in US medium-term debt.
30 Year Bond Auction (June 12): Yield was recorded at 4,844%, slightly above expectations. Demand is weaker, with indirect participation of only 61.2% and dealers taking a higher portion of 20.3%, reflecting investors' caution towards long-term fiscal risk and inflation uncertainty.
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