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US Treasuries rise after $22 billion 30-year auction draws demand
The 30-year yield fell 6 basis points to 5.61% after the $22 billion sale, which was seen as a sign of staying demand in the long end.
US Treasuries rose after a $22 billion auction of 30-year debt attracted solid investor demand, with long-dated yields stepping back from their highest levels in more than two decades, according to LiveMint Markets citing Bloomberg.
The move pushed yields lower across maturities on Thursday, and the 30-year bond yield dropped 6 basis points to 5.61%, off its peak levels last seen in 2002.
LiveMint Markets said longer-term debt has been under pressure in recent months amid concerns about how the Iran war could affect energy costs and inflation, along with broader fiscal worries.
On Thursday, yields slid after President Donald Trump said he would hold off on attacking Iran again until after the US midterms on Nov. 3, LiveMint Markets reported, adding that a rates strategist at TD Securities said demand held up in the auction.