🤔 No this is not a chart of a shitcoin. This is the bid on US 2 year government treasure bonds on Friday May 3rd 2024. 👀

✔️When the bid is low on a government treasury bond, it indicates that there is less demand from investors for these bonds. This situation can happen for several reasons. One possibility is that investors might be anticipating an increase in interest rates, which would make existing bonds less attractive. Another reason could be concerns about the creditworthiness of the government issuing the bonds. A low bid could also imply that investors are seeking higher returns in other investment vehicles, such as equities, corporate bonds or cryptocurrencies.

✔️Low bids in treasury auctions can have implications for the government and the broader economy. If the government is unable to sell its bonds at a desired price, it might need to offer higher yields to attract investors, which could increase its borrowing costs. This, in turn, could impact fiscal policy and the government's ability to fund public programs and services.

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