finance
U.S. Sells $30 Billion in 30-Year Bonds at 5.046% Yield
The Treasury Department auctioned 30-year bonds at a high yield of 5.046 percent Wednesday, up from 4.876 percent at the previous sale. The bid-to-cover ratio slipped to 2.30 from 2.39, while indirect bidders increased their share. When-issued trading had pointed to a yield of 5.041 percent.
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U.S. 876 percent rate at the previous auction. 39 previously. 2 percent they took in the prior auction.
1 percent last time. 041 percent ahead of the results. @LiveSquawk reported the full set of figures shortly after the auction closed.
U.S. government debt. 76 at the previous auction.
Direct participation continued a recent trend of declining shares for that category of buyer. The rise in indirect bidder acceptance, which typically includes foreign central banks and other large institutions, partially offset that softness. 041 percent in the hours leading into the auction.
046 percent cleared only slightly above that level, indicating limited tailing in the sale. Yields have risen this year amid shifting expectations for interest rates and inflation.
