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Podcast: The Dividend Cafe
Episode: The DC Today - Thursday, November 9, 2023
Description: Today's Post - https://bahnsen.co/40yBPwn
We started off todays session in another quiet day, until about 1PM ET when we had an abysmal 30-year treasury auction on $24B of notes that moved rates higher across the curve that gave us our first down day in November for the SP500. With an increased supply in new issuance to fund a $2T budget deficit and a dearth of large buyers like our own Federal Reserve and other large Sovereigns it took higher rates to get this auction to close with the lowest bid to cover ratio in...