Politics
Longer-Dated Treasuries Rise Ahead of $22 Billion 30-Year Sale
Key Points
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.