US Sells $22B in 30-Year Treasuries at 5.058% Yield
The US sold $22B in 30-year Treasury bonds at a high yield of 5.058%, stopping through the when-issued level by 0.3 bps. The bid-to-cover ratio finished at 2.44.
Indirect buyers secured 77.7% of the debt, marking the second-highest takedown by foreign investors on record. The final yield represents the highest level for the benchmark security since at least 2006.
From the sources (8 posts)
@businessA Thursday auction of 30-year Treasuries is set to draw the highest yield since at least 2006, underscoring how swelling bond supply is pushing investors to demand higher returns
@financialjuiceFed bids for 30 Yr bond total $2.3 bln
@financialjuiceTreasury wi 30y yield 5.061% before $22 billion auction.
@financialjuiceUS 30-YEAR BOND HIGH YIELD ACTUAL 5.058% (FORECAST -, PREVIOUS 5.020%) $MACRO
@financialjuiceUS 30-YEAR BOND BID-TO-COVER ACTUAL 2.440 (FORECAST -, PREVIOUS 2.330) $MACRO
@financialjuiceUS 30-Year Bond Auction High Yield 5.058% [Stop-through 0.3 bps] Bid-to-cover 2.44 Sells $22 bln Awards 7.13% of bids at high Primary Dealers take 10.1% Direct 12.2% Indirect 77.7%
@firstsquawkU.S. 30-YEAR BOND SALE: HIGH YIELD 5.058% (PREV 5.020%); BID-COVER RATIO 2.44 (PREV 2.33); DIRECT ACCEPTED 12.21% (PREV 25.3%); INDIRECT ACCEPTED 77.74% (PREV 60.0%); WI 5.061%
@zerohedgeStellar 30Y reopening auction: high yield 5.058%, stopped through 5.061% WI by 0.3bps. Indirect award 77.7%, 2nd highest foreign takedown on record