Investing.com — The U.S. government sold $22 billion of 30-year notes on Thursday at a lower-than-expected yield as demand for safe-haven US Treasuries remain intact amid concerns that volatile trade policies in Washington and mounting U.S. debt are forcing investors to seek alternatives.
The notes were awarded at 4.844%, below the pre-sale, or when-issue, rate of 4.859%, and below the 4.819% yield high seen in the prior auction.
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The bid to cover ratio, the number of bonds that people want to buy against the number of bonds that are on offer, for the auction rose to 2.43 from 2.39 seen in the prior auction.
Indirects, which represent international demand fell to 65.2% versus six-month averages 63.2%
The yield on the United States 30-Year trading slipped further to 4.858% following the auction result.
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