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auctions come and go but this one caught my eye uh Marvin I think a lot of people are wondering about this you know the more intermediate shorter part of the curve but in our Bloomberg story they pointed out that the seven treasury auctions so far this year have all come in better than forecast more demand whats going on yeah absolutely and um you know we had the two-year auction earlier this weekend we wound up with similar results where there remains fairly strong demand for um for U.S treasury security so you know I I do think that Peak rates um in this recession discussion and you know from a portfolio positioning perspective owning bonds and particularly owning um treasuries as either a hedge against recession and or um providing income if in fact you know we wind up lets say with the soft landing and rates um compress docHubly locking into his yield is something that that is that ultimately um is proving attractive to a lot of investors who might have been um short a lot