30-Year Treasury Auction Clears at 4.84% as Demand Returns
Treasury sold $22B of 30-year bonds at 4.844% Thursday with a 2.43 bid-to-cover — average demand, a quiet rebound from May’s first-above-5% scare.
treasury bonds
Bond Duration Explained: Why a 1% Rate Move Wrecks Long Bonds
Duration is the single number that explains why a 30-year Treasury can lose roughly 16% in a year when yields rise 1%. Here is how it works, with current data.
Bond Convexity Explained: Why Duration Isn’t Enough
Duration is a tangent line; convexity is the curvature. Here is the formula, a worked 10-year Treasury example, and why MBS has negative convexity.
Bond Duration Explained: Why Yields Move Bond Prices
Bond duration measures how much a bond’s price moves when yields change. Here’s the math, a worked example, and why long Treasuries got crushed in 2026.
How Treasury Auctions Work: Bid-to-Cover and Tails
How the U.S. Treasury actually raises money: single-price auctions, competitive vs noncompetitive bids, primary dealers, and what tails reveal.
The Yield Curve: What It Is and Why Inversion Matters
Understand the yield curve, what causes inversions, and why they have preceded every U.S. recession since 1955. Includes today’s snapshot.
US Treasury’s $10T Rollover: Weak Demand and Rising Yields
The US must roll over ~$10 trillion in Treasury debt in 2026 at yields far higher than original issue. What auction data and foreign holder trends reveal.
IMF Warns U.S. Debt Is Eroding the Treasury Safe-Haven Premium
The IMF says runaway U.S. debt is eliminating the traditional safety premium on Treasury bonds — and the implications stretch far beyond fixed income.