US Treasury to Issue 22 Billion in 30-Year Bonds

The US Treasury has completed the auction of $22 billion in 30-year bonds, clearing the offering at 5.308% with a bid-to-cover ratio of 2.61X. The results show strong investor demand with minimal dealer absorption, occurring amidst a broader strategy of bond buybacks to manage long-end volatility.
According to GN auto markets/bonds: treasury yields, the Treasury successfully closed the auction at a high yield of 5.308%, marking a stop-through of 2.7 basis points below the when-issued level. The bid-to-cover ratio came in at 2.61X, while dealer participation was notably low at just 2.2% of the total.
Source: GN auto markets/bonds: treasury yieldsThe US Treasury will auction 22 billion dollars of 30-year bonds today. The current yield sits near 5.4 percent, a level not seen since 2007.
Source: GN auto markets/bonds: bond auction






