Strong Demand for US 30-Year Bonds

The US Treasury's latest auction of 30-year bonds has exceeded market expectations, with a yield of 4.813%, slightly below the anticipated 4.839%. This outcome underscores the robust demand for long-term US debt instruments.

Healthy Investor Interest

A bid-to-cover ratio of 2.43, up from the previous 2.37, highlights the auction's success. Indirect bidders were particularly active, securing over $13.5 billion of the $22 billion offered.

Continued Strength in Long-Term Debt

This auction marks the second day of strong performance for long-term US debt, amidst a backdrop of market volatility driven by shifts in US trade policy and ongoing inflation concerns.