U.S. 30-Year Bonds Fall After Demand Weakens at $15 Billion Sale
- Long-bond auction rated ‘average’ in survey of primary dealers
- Wednesday note sale drew record institutional investor bid
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Treasuries fell after a $15 billion sale of 30-year bonds, the last of three U.S. debt auctions this week, drew the weakest demand since February.
U.S. yields rose as the sale garnered the week’s smallest number of bids submitted for each one accepted, a figure known as the bid-to-cover ratio. Thursday’s offering followed $47 billion of Treasury issuance and more than $40 billion of new corporate debt this week.