A piece of history at auction: This brooch, once owned by Napoleon Bonaparte, was reportedly seized by the Prussian army at the Battle of Waterloo. Featuring a 13+ carat diamond, it headlines Sotheby’s Royal & Noble Sale. https://t.co/rxE9VY1ff3 (Photo: Sotheby's) https://t.co/Qly9SQDzQc ...

Exciting news for Titanic enthusiasts. A pocket watch that once belonged to iconic businessman and former congressman Isidor Strauss is now up for auction today. The 18 karat gold watch that's engraved with his initials is worth between 800,000 and $1 million.The auction hosted by Henry Aldridge closes on November 22nd. ...

Market Trends - US bond dealers received a record low share of Thursday's monthly auction of 30-year Treasury bonds [1] - This represents a deepening slide over two decades [1]

Auction Analysis - A 22 billion USD 30-year bond auction (actually 29-year, 10-month) was conducted, adding to a previously issued amount [1] - The auction yield was 4.734%, slightly higher than the "when issued" market rate of around 4.73%, resulting in a small tail of about half a basis point [2] - The auction was graded B+ in terms of demand, indicating solid but not exceptional interest [2] Market Dynamics - Even a good auction may not prevent a sell-off, as the market has its own dynamics beyond the auction itself [3] - Dealer takedown was 8.7%, the smallest amount for a 30-year auction in the last 25 years, suggesting aggressive bidding by actual investors [3][4] - Year-to-date, 30-year bond yields have been hovering close to unchanged, settling around 4.77% at the end of last year and closing in the low 4.70s this week [5] Technical Significance - Closing above 4.77% could be a technically significant event, potentially putting more upward pressure on long maturity interest rates [6]

Auction Analysis - The US Treasury reopened 39 billion USD of 10-year notes, adding to a previous auction from August [1] - The yield on the reopened 10-year notes was 4.117%, slightly higher than the when-issued market, indicating lower prices [2] - The auction received a B- grade due to a light bid-to-cover ratio of 2.48, meaning 2.48 USD chasing every 1 USD of securities [2] - Dealer takedown was aggressive at 9.1% [2] - The auction's B- grade doesn't necessarily correlate with immediate price increases or yield decreases [3] Market Trends and Outlook - The market is trading in a range of approximately 4.02% to 4.20% [4] - Attention should be paid to the upcoming 30-year bond auction [4] - 30-year bond yields have been facing resistance near 4.80% intraday, settling at 4.77% [4] - Auctions are crucial for monitoring markets, especially in the absence of other data [5] - The US government continues to spend money regardless of government closures, necessitating these auctions [5]

Botswana says a recent unprecedented ad-hoc diamond auction — in which it didn’t sell any gems — wasn’t an “emergency sale” https://t.co/JKEGbZf2H1 ...

Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises https://t.co/hWK0yrxUUZ ...

Auction Analysis - The auction of 69 billion USD in two-year notes was slightly below average, with a yield of 3.571% [1] - Demand for the two-year auction was weak, receiving a grade of C minus [1] - The bid to cover ratio was the weakest since the fall of last year, and all metrics were below 10 auction averages [1] - Dealers took a slightly larger portion than usual in the auction [1] Market Factors - Recent auctions in the past four to five weeks have shown solid demand, receiving grades of A's and B's [2] - The Federal Reserve's quarter-point easing has potentially impacted auction demand [2] - Debates surrounding stagflation and whether inflation will reach the 2% goal are influencing investor behavior [2][3] Upcoming Auctions - A 70 billion USD five-year auction is scheduled for tomorrow, followed by a seven-year auction [3] - Investor demand, both domestically and globally, will continue to be monitored [3]

Here’s Why The U.S. Government Just Sold Basquiat And Picasso Paintings For $35 Million Combined At Auction https://t.co/wIAPtHKvzw ...

Financial Transactions - The U S Government sold Basquiat and Picasso paintings for $35 million at auction [1]