U.S. 30-year Treasury auction yield hits highest since Aug 2000

By Karishma Vanjani Buyers -- especially ones abroad -- showed up in force at the 30-year Treasury auction on Thursday. It follows Wednesday's strong 10-year auction in offering a much-needed reprieve to battered Treasuries. The U.S. Treasury Department saw robust bidding for the $22 billion in 30-year bonds on offer. Investors placed $2.54 in bids for every dollar of 30-year debt, well above the one-year average of 2.42 times calculated by Deutsche Bank. A little more than 93% of the debt was digested by domestic and international investors, as opposed to dealers, who typically buy up the leftover supply at auctions. End-user demand at 30-year auctions over the past year has been 89.7%. The strong auction follows on well-bid 10-year note auction, which is actually unusual. Of the eight instances since 2020 when a 10-year note auction was almost as strong as Wednesday's, the succeeding 30-year note auction was weak three-fourths of the time, according to BMO Capital Market strategist Vail Hartman. But the brutal meltdown of long-term government bonds that has taken yields to levels not seen in nearly 24 years continues to draw out yield-hungry buyers. The 30-year bond was sold at 5.618% in the auction. Foreign investors are especially attracted to U.S. Treasuries. So-called indirect bidders, usually consisting of foreign central banks and other international investors, bought 72.3% of the 30-year debt on Thursday. Their one-year average is 68%, data published by Deutsche Bank show. Official Treasury data has also shown surge in overseas participation. In September, the group labeled "foreign and international" bought the highest share of 30-year bonds since data tracking began in 2009. With buyers eager to step in, yields may finally be finding a ceiling. Write to Karishma Vanjani at karishma.vanjani@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 08, 2026 14:06 ET (18:06 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.