30-Year Bond Auction Results

Again, the significance of these auction results is not so much bid to cover ratio but rather who's dominating the buying in the auction. Like the 10-year, the 30-year results show increasing auction sizes and direct bidder participation rates. For now, these troublesome trends remain contained within the white noise of larger headline stories.

30-Year Bond Auction Results:


The 30-year Treasury bond leveraged ETF illustrates the continued unwinding of the short-term safe haven trade that started in April. Mid action illustrates a pick up in volume as the gap is tested. A test of the gap on light and heavy volume would create a bullish and bearish setup, respectively. Be certain that above auction trends are beginning to shape future buy and sell decisions.

30-Year Treasury Bond Leveraged ETF (TMF):


Source: treasurydirect.gov