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PostAfter Labour’s Day, Uncle Sam sold $58 billion of three-year notes and — hold the applause — actually stopped through, p…

9 September 2026
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The Macro Butler
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After Labour’s Day, Uncle Sam sold $58 billion of three-year notes and — hold the applause — actually stopped through, pricing at 4.474% against a When Issued 4.475%, the third consecutive stop-through in the tenor.
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TThe Macro ButlerThe republic's political discourse has reached its logical destination: Hunter Biden is launching LAPTOP, a one-billion-supply meme coin on Base, with 20% airdrTThe Macro ButlerAmerica no longer has a two-party system — it has two tickers, and the retail investor is short both.
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TThe Macro ButlerThe bid-to-cover of 2.722 sat comfortably above the 2.621 average. Splendid. Now read the price: 4.474% is up from 4.291% in August and the highest since July 2TThe Macro ButlerEvery auction "goes well" eventually — the only question is what the Treasury had to pay to make it so.
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