US 30-year Treasury auction tails on softer demand, high yield at 5.441%
FROM THE WIRE · SEEKINGALPHA.COM
[Bonds Trading and Financial Analytics] AlexSecret The U.S. Department of the Treasury on Thursday sold $25B in 30-year bonds (US30Y [https://seekingalpha.com/symbol/US30Y]) on Thursday at a high yield of 5.441%, trailing pre-auction expectations as demand softened. The clearing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralWeaker demand at long-dated auctions can pressure prices of long-dated US Treasuries.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The US Treasury sold 25 billion dollars of 30-year bonds at a high yield of 5.441%.
- 02The clearing yield came 0.4 basis points above the when-issued level, indicating a tail.
- 03The bid-to-cover ratio fell to 2.36 from 2.54 at the previous auction.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US 30-Year Treasury—n/aNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets