🟢 Macro Watch - US Treasury Auctions With Treasury yields under pressure and markets increasingly sensitive to interest-rate expectations, today’s US Treasury auctions deserve attention. 🔹 4-week T-bill 🔹 8-week T-bill 🔹 30-year Treasury bond auction All of them later today. A move above 4% in short-term bills would be worth monitoring, alongside with the demand relative to expectations, bid-to-cover ratios and the market’s subsequent reaction. Yesterday’s strong 10Y auction helped ease pressure on Treasury yields. Today’s 30Y auction could provide a more consequential test of demand for long-duration US debt. ⚠️ A weak auction, particularly if accompanied by rising 10Y/30Y yields and a stronger DXY, could create additional headwinds for equities and crypto. Conversely, strong demand and retreating yields could offer some relief. I’ll be watching Treasury yields, DXY, Nasdaq and BTC together. NFA. DYOR⚡️