Nervousness on the 30 year US Treasury bond auction yesterday
This is information from the folks at Agora Financial - their 5 Minute Forecast today. This gives reason for pause!
"The U.S. Treasury auctioned $16 billion in 30-year bonds yesterday,
and it didn’t go very well.
Before the auction began, yields were 4.68%. Afterward, 4.72%. Clearly, buyers are getting more nervous about the notion of going “long America” for the next three decades. The bid-to-cover ratio looked lousy, at 2.36.
Maybe all this talk of who’s going to be “the next Greece” is rather beside the point when debt is weighing everyone down -- including the keeper of the world’s reserve currency."
What to own when a bond that holds up your currency gets shaky? Own gold coins! Gold as investment vehicles transcend this nonsense. A gold bull market - get involved!