KEY POINTS
- The Nov. 10 sale of $42 billion in 10-year notes showed lower bid coverage and indirect participation than October's auction.
- A $25 billion 30-year bond sale is scheduled for Nov. 12 at 18:00 UTC.
- CryptoSlate notes that the $25 billion figure is gross issuance and that indirect bidding does not prove foreign selling.
The US Treasury's sale of $42 billion in 10-year notes on Nov. 10 drew less bidding interest than the previous month's auction, according to CryptoSlate. The outlet says this has turned attention to the 30-year bond sale scheduled for today, Nov. 12, and what it could mean for Bitcoin investors.
