30-year Treasury auction awards 5.308% after strong demand
The 30-year U.S. Treasury bond auction drew strong demand, with $22B of new securities awarded at 5.308%. The report cites multi-year high yields and mounting expectations of imminent Federal Reserve rate hikes.
Investors were strong buyers of Thursday’s $22B auction of 30-year U.S. Treasury bonds TVC:US30Y AMEX:ZROZ, attracted by multi-year high yields and expectations of imminent Federal Reserve rate hikes. The auction drew historically robust demand, with the securities awarded at 5.308%—nearly three…