Today news
About the same in other media
US Treasury sells $22B in 30-year bonds at 4.331% amid solid demand
Reading now: 253
Investing.com — The US government solid $22 billion of 30-year notes on Wednesday at a lower-than-expected yield, pointing to strong demand and confidence that the Federal Reserve will follow through on rate cuts this year.
The notes were awarded at 4.331%, below the pre-sale, or when-issue, rate of 4.352%, underscoring stronger-than-expected demand for duration as bets on the Fed cutting rates as soon as June.
The bid to cover ratio, a measure demand, for the auction was 2.47, up from the 2.40 ratio in the previous auction.
The 330-year Treasury traded at 4.332% following the news, down from the day's high of 4.359%, dragging other Treasury yields including the yields on the 10-year treasury lower.
Read more on investing.comAbout this in other media
Muni bonds’ tax shield looking shinier amid US wealth boom investmentnews.com /8 months ago
US Treasury key yield curve inversion becomes the longest on record investing.com /8 months ago
BNY Mellon IM adds US direct lending strategy to platform amid private market demand investmentweek.co.uk /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
