
Investing.com -- The U.S. government sold $22 billion of 30-year notes on Thursday at a lower-than-expected yield, driven by stronger demand.
The notes were awarded at 4.403%, below the pre-sale, or when-issue, rate of 4.418%, and the 4.635% yield high seen in the prior auction.
The bid to cover ratio, a measure of demand, for the auction rose to 2.49 from 2.41 seen in the prior auction.
International demand was also robust, with indirect bidders at 68.50% of the auction, above the 64.90% average.
The yield on the 30-Year Treasury fell to 4.415%, after trading at session highs of around 4.491%.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.