FT: How Liz Truss still haunts markets , Disastrous UK mini-Budget of 2022 proves cautionary tale for US government

"Wednesday’s eye-catching debt auction was not a disaster, but it was not the usual smooth process either. Underwhelming demand for the $44bn in new seven-year notes meant that so-called primary dealers — the big banks that make Treasuries trading tick, stepping in to make up any shortfalls — bought 17 per cent of the debt, somewhat above the norm."