$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The 10-year Treasury note auction was viewed as highly successful and "historically strong" by market analysts. Even though it cleared at a high yield of 5.30% - the highest rate for a 10-year auction since November 2000 - robust investor demand outpaced expectations, and the market rallied on that.
The 30Y bond auction is up next, and I'm expecting a similar outcome with a market rebound.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments