Treasurys traded higher on Thursday as the U.S. government’s auction of 30-year bonds, the last of three debt auctions this week, was met with weak demand.
The Treasury Department auctioned $16 billion in 30-year bonds at a high yield of 2.560 percent. The bid-to-cover ratio, an indicator of demand, was 2.26, well below the 2.47 recent average.
Indirect bidders, which include major central banks, were awarded 49.4 percent, well above the 47 percent average. Direct bidders, which includes domestic money managers, brought 15.5 percent, versus a recent average of 18 percent.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015