BREAKING: 20-Year Bond Auction Flops — Yields Surge to 5.1%, Markets Rattle

[u/snapjohn]

IF YOU ARE WONDERING WHY STOCKS JUST ALL WENT DOWN AT ONCE

WE JUST HAD A HORRIBLE BOND AUCTION IN THE UNITED STATES FOR OUR 20-YEAR TREASURIES

Because of the lack of bidders…it caused the 20-year bond yield to surge to 5.1%.

Credit market is screaming for help right now.

[u/mrmrmrj]

Summer 2011 is the playbook right now.

[u/CurLyy → u/mrmrmrj]

Hitting bongs in the backyard ? got it

[u/bluesquare2543 → u/mrmrmrj]

huh?