US 30-year bond sale fetches soft demand

14 Jan, 2016

NEW YORK: The US Treasury Department on Thursday sold $13 billion of 30-year bonds to soft demand, resulting in a yield of 2.905 percent, the lowest since August, Treasury data showed.

The yield on the latest 30-year bond supply, however, came in nearly 2 basis points than what traders had expected, signaling reduced safe-haven demand with Thursday's rebound in stock and oil prices from losses, analysts said.

The ratio of bids to the amount of 30-year bonds offered was 2.29, the weakest since August.

In December, the bid-to-cover ratio, a gauge of overall auction demand, was 2.42.

Copyright Reuters, 2016

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