Example run · Rendered Markdown
Bond Auction Tail
Does a Treasury auction's tail, bid-to-cover, indirect participation, and dealer takedown indicate demand stress?
Exact commandRepository root
PYTHONPATH=labs/bond-auction-tail/src python3 -m bond_auction_tail_monitor labs/bond-auction-tail/examples/sample_auctions.csv --latest-onlyReal outputExit code 0
Bond Auction Tail Monitor Report
| Date | Tenor | Tail bp | Bid/Cover | Indirect % | Dealer % | Score | Regime | Drivers |
|---|---|---|---|---|---|---|---|---|
| 2026-04-10 | 10Y | 3.50 | 2.05 | 54.0 | 32.0 | 100 | strained | large positive tail, soft bid-to-cover, weak indirect demand, elevated dealer takedown |
| 2026-04-05 | 5Y | 0.20 | 2.47 | 66.0 | 16.0 | 10 | orderly | near-normal auction versus tenor history |
| 2026-04-15 | 30Y | -0.50 | 2.55 | 70.0 | 13.0 | 0 | orderly | firm bid-to-cover, strong indirect demand |