Why is everything dumping? Mixed treasury auction results point to risk-off
The crypto market shed 2.3% on Oct. 7, and the 42-day Treasury invoice auction launched at roughly 13:00 ET seems to have catalyzed the broad risk-off transfer. The stop-out yield at 4% got here in above the median of three.97%, signaling buyers demanded greater compensation to maintain short-dated authorities debt. The uptick in short-end charges…
