US Treasury Auctions Experience Mixed Results, Impacting Bond Market
TL;DR Summary
The $24 billion auction of 30-year Treasury bonds on Thursday received weaker-than-expected demand, according to a trader, with the bid-to-cover ratio and yield concession falling short. This auction, along with two others earlier in the week, totaling $112 billion, were seen as important tests of demand. Following the auction, Treasury yields rose slightly, indicating a further selloff in government debt.
- Treasury’s $24 billion 30-year bond auction goes poorly, trader says MarketWatch
- The US treasury to auction off $40 billion of 10 year notes at the top of the hour ForexLive
- Treasury’s $40 billion 10-year auction goes as expected, strategist says MarketWatch
- US treasury auctions offer $48 billion of 3-year notes at a high yield of 4.701%. ForexLive
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