Record-weak demand for 20-year U.S. bonds on Treasury's day of triumph

On Tuesday the U.S. Treasury Secretary informed Congress that the government conducted two of the best bond auctions in decades. The same day, by 13:00, the worst auction of 20-year U.S. bonds in history took place—foreign demand proved record-low. The juxtaposition of both events within one day reveals clear tensions in the U.S. debt market.