U.S. 30-Year Treasury Auction Shows Softer Demand

Résumé détaillé

The U.S. Treasury auction of 30-year bonds Thursday showed slightly softer- than-expected demand. The Treasury sold $25 billion in bonds at its monthly auction, with a high yield…

The U.S. Treasury auction of 30-year bonds Thursday showed slightly softer- than-expected demand.

The Treasury sold $25 billion in bonds at its monthly auction, with a high yield of 5.441%. The high yield compared with a market yield of 5.437% at the time.

Indirect bidders, a group that includes foreign institutional buyers, acquired 68% of competitive awards, compared to 72% at the last auction.

The bid-to-cover ratio, a measure of investor demand, was 2.36, compared with 2.54 in October.

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