The Treasury sells $13B in 30-year bonds, with a bid-to-cover ratio of just 2.18:1. Direct bidders took down only $906M of the auction, the smallest amount in two years.
The 30-year Treasury yield is up a big seven basis points to 2.60%. The 10-year yield is higher by five basis points to 1.96%.
The 30-year Treasury yield is up a big seven basis points to 2.60%. The 10-year yield is higher by five basis points to 1.96%.