https://open.substack.com/pub/jameslavish/p/when-treasury-auctions-fail?r=1fgm5e&utm_medium=ios&utm_campaign=post

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Thanks! In regards to your original statement: what have you seen to be able to say that it is going illiquid.. no hate, just looking for signal 😁

I was observing 2Y, 5Y, 10Y and 30Y treasuries from some european countries. I saw changes from -5% to +5% in yields within matters of seconds, repeatedly over a couple of weeks. I thought that was weird.