US Treasury's $25B 30Y bond auctions tails 1.2bps as demand softens

Investing.com -- The U.S. government sold $25 billion of 30-year notes on Thursday at a higher-than-expected yield amid softer demand.

The notes were awarded at 4.748%, above the pre-sale, or when-issue, rate of 4.736%, but below the 4.913% yield high seen in the prior auction.

The bid to cover ratio for the auction rose to 2.33 from 2.52 seen in the prior auction.

The yield on the United States 30-Year trading slipped to 4.756% following the auction result.

You May Also Be Interested In

• Wolfe Research sees oil prices holding steady amid US-Iran standoff
• Morgan Stanley reports pet food and cat litter sales trends
• Goldman Sachs says Fed rate hike unlikely in September