Treasury sees strong demand at sale of 30-yr debt

NEW YORK (MarketWatch) — The Treasury Department sold $13 billion in 30-year bonds at a yield of 4.679% on Thursday, finishing up a week of auctions. Bidders offered to buy 2.89 times the amount of debt sold, the highest since September and better than the average of 2.61 times at the last four comparable sales. Indirect bidders, a class of investors that includes foreign central banks, bought 23.9%, versus 40.5% of the last four, on average. Direct bidders, which include domestic money managers, purchased another 29.6%, the highest since 2006 and compared to 5.6% on average. After the auction, the broader bond market turned higher, pushing yields on the 10-year notes down 1 basis point to 3.72%.


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