Bonds Crash Most Since Liberation Day After Catastrophic 5Y Auction; 2nd Biggest Tail On Record Coming into today’s 5Y auction, the bond market was collapsing, with yields across the curve soaring but especially the 5Y exploding a crazy 15bps heading into today’s auction (of 5 Year treasuries), a massive concession which we thought would lead to “lots of demand” for today’s offering. *TREASURY 5-YEAR YIELD RISES 15 BASIS POINTS ON DAY TO 4.99% At least there will be lots of demand for paper in today’s 5Y auction — zerohedge (@zerohedge) September 23, 2026 Boy, were we wrong: moments ago the… — Continue at ZeroHedge News : Read More
