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Longer-Dated Treasuries Rise Ahead of $22 Billion 30-Year Sale

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Bonds Longer-Dated Treasuries Rise Ahead of $22 Billion 30-Year Sale Longer-dated US Treasuries edged higher as investors readied for a $22 billion auction of 30-year debt, which stands to test demand as yields linger near multi-decade highs. Thirty-year bonds wiped out an early loss to advance on Thursday, with yields down a basis point to 5.66% — just off their highest levels since 2002. The Treasury Department’s sale of the long bond at 1 p.m. New York time follows an auction of 10-year...

Bonds Longer-Dated Treasuries Rise Ahead of $22 Billion 30-Year Sale Longer-dated US Treasuries edged higher as investors readied for a $22 billion auction of 30-year debt, which stands to test demand as yields linger near multi-decade highs. Thirty-year bonds wiped out an early loss to advance on Thursday, with yields down a basis point to 5.66% — just off their highest levels since 2002. The Treasury Department’s sale of the long bond at 1 p.m. New York time follows an auction of 10-year notes this week that lured standout demand from investors.
Longer-Dated Treasuries Rise Ahead (ORG) US Treasuries (ORG) The Treasury Department’s (ORG) New York (LOCATION)
Originally published by Bloomberg Markets Read original →