Robust Demand Seen in 10-Year U.S. Treasury Auction Alleviates Concerns Ahead of 30-Year Sale
The U.S. national debt surpasses $36 trillion, prompting analysts to recommend bitcoin and gold as protective assets against possible fiscal crises.
This article discusses the recent auction of 10-year U.S. Treasury notes which showcased robust demand, countering the notion that interest in U.S. debt is waning.
Key Points:
- The auction on June 11 received a strong response, with demand exceeding supply by over 2.5 times for $39 billion of 10-year notes yielding 4.421%.
- Investors’ confidence remains steady, even as the national debt in the U.S. tops $36 trillion, a figure that reflects over 120% of the country’s GDP.
- Analysts are now suggesting that bitcoin and gold may serve as valuable hedges against looming fiscal uncertainties.
What’s Next?
The upcoming auction of 30-year bonds on Thursday is expected to provide further insights into the investing landscape, particularly regarding confidence in U.S. fiscal policies under President Trump.
Context: The national deficit in 2024 was $1.8 trillion and is predicted to increase significantly in future years due to expected tax cuts. Many analysts are pointing towards bitcoin and gold as protective measures amid this financial climate.
