Successful Auction of 30-Year Bonds

The United States Department of the Treasury has announced the successful auction of $25 billion in 30-year bonds, achieving a high yield of 4.748%. This significant event took place on Thursday, showcasing the Treasury's ability to attract substantial investment in long-term securities.

Auction Metrics and Demand

The auction concluded with a bid-to-cover ratio of 2.33, indicating a slight decrease in demand compared to the previous ratio of 2.52. The median yield was recorded at 4.680%, with the low yield at 4.630%. Notably, 27.19% of the allotment was at the high yield, demonstrating the competitive nature of the auction.

Bidders' Participation

Direct bidders accounted for 18.6% of the issuance, a decrease from the prior 20.7%. In contrast, indirect bidders took a significant portion of 65.1%, although this was slightly lower than the previous 66.6%. Following the auction, the US 30-year Treasury yield saw a decline of 8.9 basis points, settling at 4.746% by 1:31 pm ET.