Despite ongoing macroeconomic uncertainties, long-term U.S. Treasury bonds continue to attract strong investor interest. The latest 30-year U.S. Treasury auction results demonstrated robust demand for duration assets, underscoring sustained investor appetite for long-term government debt. Apollo's Chief Economist Torsten Slok noted that multiple bidding indicators were exceptionally strong, reflecting broad participation across different investor groups and indicating deep demand. Public competitive bidding demand reached a historic high. Overseas capital movements also showed strength, with indirect bidders, often seen as a proxy for foreign demand, receiving 69.8% of the allocation, significantly above the historical average of 64%. Analysts suggest this outcome shows global investors still view long-term U.S. Treasuries as an attractive asset allocation choice, whether for yield, safe-haven qualities, or diversification benefits. Meanwhile, primary dealers absorbed only 5.9% of the issuance. Since primary dealers are required to take up any unsold supply, the low percentage suggests actual end-investor demand was sufficient to fully absorb the entire offering, indicating strong market absorption capacity. Slok concluded that based on the auction metrics, demand for the long end of the U.S. Treasury curve remains very solid, showing that investor interest in long-term U.S. bonds has not diminished in the current environment.