5.469%. That's where the 20-year cleared today, a new high for the bond since its 2020 return. Indirects came in 7 points light and direct bidders took 31.6% to fill the gap. 4 of the last 7 coupon auctions graded soft or weak.

Treasury Auction Results: Notes, Bonds & TIPS

Results of every Treasury note, bond and TIPS auction since 2000: yields, bid-to-cover, buyers and demand. Latest: 7-Year Note at 4.894%, Oct 29.

The 20-year goes off today. 5-year TIPS tomorrow. 2s, 5s and 7s next week. Plug TFTC's free MCP into Claude, ChatGPT or Hermes and ask how each one graded: bid-to-cover, indirects and dealer takedown vs. the last six, with Treasury's results linked.

TFTC

Your agent's bitcoin and macro desk.

Connect TFTC to Claude, ChatGPT, Cursor or any agent. Marty's takes in The Commoner and TFTC podcast interviews with transcripts, with live ETF and...

Anthropic's draft IPO filing shows it could spend $750 billion on computing power in the coming years, per the WSJ. About $450 billion of that is already signed, and most of it can't be canceled.

Fidelity Digital Assets: if the $150 trillion global bond market were the Great Pyramid, bitcoin would be about 25,000 of its 2.3 million blocks. Bitcoin-focused perpetual preferred stocks? About 153. h/t Sam Callahan

Figma CEO Dylan Field says AI slop is creating a trust problem at work. "I'm already hearing from so many like, 'I got another deck made by AI today. And I don't even know if the person who made it, like, do they even know what's in their deck?' ... I think we're gonna see some bifurcation here around trust, and one way to get trust is to do something with your hands."

Fidelity Digital Assets says perpetual preferred stock has become the newest demand catalyst for bitcoin, with companies accumulating 135,979 BTC through preferred stock issuance as of Oct. 5. That total now accounts for more than 0.5% of bitcoin's total supply. Fidelity: "Even modest adoption within the vast fixed income market could materially reshape bitcoin's supply-demand dynamics, positioning these instruments as a potentially powerful new driver of long-term value."

"I think that the setup is as good as it's ever been." @MartyBent and @npub1w69y...zltw on Bitcoin's crisis of confidence.

"Silvergate was the only bank in America that could have withstood a full bank run without needing a bailout." @npub1w69y...zltw on what really happened to Silvergate.

.@jack mallers: "We built a system where working hard and saving no longer guarantees financial stability, where inequality becomes structural."

"You never walked into a grocery store anywhere in America or anywhere in the world and something popped up that allows you to pay with your U.S. Treasury or your stock or your bond?" @npub1w69y...zltw on paying in bitcoin.

JPMorgan expects Bitcoin to outperform every major asset class over the next decade.

.@jack mallers: "Almost all of the Bitcoin is owned by the people and that is why I think it's far too late for Wall Street or anybody to try and control this thing because they don't have the physical and they can't get the physical from us."

.(alalmoskvin) explains the Shielded Bitcoin metaprotocol. Private transfers on Bitcoin L1, encrypted notes, and wallet recovery from a seed phrase.

The spot bitcoin ETFs pulled in $526.6M yesterday. IBIT took in $665.2M. FBTC and GBTC lost $138.6M combined. You can get that from your AI every morning now. Plug the free TFTC MCP server into Claude, ChatGPT, Cursor or Hermes and ask for daily flows, fund by fund, all the way back to launch day in January 2024. No account. No API key.

TFTC

Your agent's bitcoin and macro desk.

Connect TFTC to Claude, ChatGPT, Cursor or any agent. Marty's takes in The Commoner and TFTC podcast interviews with transcripts, with live ETF and...

BlackRock just filed for a "buffer" Bitcoin ETF (ticker $PBIT).

"The sins of the past and the financial crisis never went away. They're still sitting in the credit system today." @npub1w69y...zltw on why the credit system is more fragile than 2008.

Jensen Huang says every company will have two factories: one real, one digital. "Everything will be completely software-driven. Everything will be completely AI-driven. So every company will build two things. They will build brains, and the brains that go into the products that they ship."

Former IMF adviser warns the dollar's collapse could happen faster than expected. "We're at an inflection point where the dollar begins to lose its global role more quickly."

"It's a math problem. You can't grow your way out of it. You have to print money." @npub1w69y...zltw on the $40 trillion debt.

"If anything, they're cannibalizing adoption and they're confusing people about Bitcoin that would be adopting Bitcoin." @npub1w69y...zltw on Bitcoin treasury companies.